Trella, a Cairo-based digital freight marketplace in MENAP, has closed a successful $42M funding round, comprising $30M new equity and $12M debt facilities.
The equity element was led by Maersk Growth and Raed Ventures. 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 platform and other local financial institutions.
Founded in 2018, Trella is a technology platform ‘reinventing trucking’ across emerging markets, and has a current market presence in three countries; its home market – Egypt, Saudi Arabia, and Pakistan. Its four co-founders include Omar Hagrass, Ali El Atrash, Pierre Saad, and Muhammad El Garem.