Digital marketer Trella raises US$42m Series A funding to invest in tech capacity

EGYPT – Trella, a digital platform connecting truckers with freight loads, has completed a US$42 million Series A funding round, including from the venture capital arm of shipping giant Maersk. The funding comprises of US$30 million in equity and US$12 million in debt facilities, for major 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…

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Digital trucking marketplace Trella launches its third market in Pakistan

EGYPT – Trella, a digital trucking marketplace based in Cairo, Egypt has announced its expansion into Pakistan. This marks the third market Trella has launched in since it was founded in February 2019. The expansion into the Pakistani market is a strategic move by the Egypt-based startup, with both countries adopting a similar market structure, showcasing high growth potential for the startup. Trella expansion to the Pakistan market successfully complets its third launch into the MENAP region. The expansion into Pakistan aligns with the startup’s broader strategy to further expand…

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