Trukker raises $100m to accelerate growth ahead of planned IPO – The National
- Date: 07-Sep-2022
- Source: The National
- Sector:Financial Markets
- Country:Bahrain
Trukker raises $100m to accelerate growth ahead of planned IPO – The National
Trukker, which provides an Uber-like digital network for lorries and pick-up trucks in the Mena region, has raised $100 million in financing as it seeks to enter new markets and improve its products and services before its planned initial public offering.
The Series C late-stage growth funding round was led by Bahrain-based alternative investment company Investcorp with a $51m investment, Trukker said on Wednesday.
Abu Dhabi’s Mubadala Investment Company, which is an existing investor in the venture, made a follow-on investment in the latest round along with Saudi Arabia-based Riyad Valley Capital, Egypt's Reliance Group and Iraq-based conglomerate March Holding.