Trukker raises $100m to accelerate growth ahead of planned IPO – The National

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.