Egyptian Startup Trella Closes USD 42 Mn Funding Round For Expansion

Trella, a Cairo-based digital trucking marketplace, has raised USD 42 Mn in Series A funding, with USD 30 Mn in equity and USD 12 Mn in lending facilities, to support considerable expansion in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP).

The equity element was led by Maersk Growth – the corporate venture arm of global multinational A.P. Moller – Maersk – and Raed Ventures, a Saudi Arabian venture capital firm. Other participating investors include Algebra Ventures, Vision Ventures, Next Billion Ventures, Venture Souq, Foundation Ventures, and Flexport. The debt facilities are being provided by Lendable – the next-generation lending and other local financial institutions.

Trella is a real-time B2B technology platform and trucking marketplace that connects shippers and carriers. It has over 350 shipper partners, including blue-chip companies like Coca-Cola, Maersk, Mondi, Henkel, Orascom, and Cemex.