Foras Acquires 10% Stake in Canater for $1M to Accelerate MENA Export Tech Expansion

Foras, the investment and innovation firm known for backing tech-driven disruptors, has announced its acquisition of a 10% stake in Canater, a rising logistics and supply chain startup, for USD 1 million. The strategic investment will support Canater’s mission to enhance export capabilities for MENA-based manufacturers targeting global markets.

“We believe in Canater’s ability to bring about a transformative shift in how manufacturers in the region expand into global markets,” said Mohamed Aboulnaga Nagaty, CEO of Foras.

Backing Digital Logistics for the $11 Trillion Global CPG Market

Canater is focused on modernizing export processes for manufacturers through AI-powered logistics tools, smart cross-border trading, and deeper integration with regulators in emerging markets. With the global consumer-packaged goods (CPG) market valued at over $11 trillion, the startup sees massive growth potential.

Canater’s upcoming plans include:

• Upgrading its digital platform for seamless logistics and shipment tracking
• Expanding services across multiple sectors within the CPG industry
• Enhancing collaboration with governments to simplify international trade procedures

“With Foras’ support, we will accelerate our growth and scale our technological infrastructure to deliver smarter, more integrated export solutions,” said Khamis Soliman (Kash), founder of Canater.

About Canater and Foras

Canater offers end-to-end digital solutions for manufacturers—ranging from logistics and storage to international contracting, financing, and shipment tracking. Its AI-driven platform connects regional producers with global markets, starting with a strong focus on CPG sectors like food, beverages, cosmetics, personal care, and cleaning products.

Foras is a venture firm focused on investing in early-stage startups that are modernizing traditional industries through innovation and technology. This partnership reinforces its commitment to supporting scalable solutions with regional impact and global relevance.