{"id":566463,"date":"2021-06-21T13:49:43","date_gmt":"2021-06-21T13:49:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/21\/trella-closes-usd-42-mn-series-a-round-co-led-by-maersk-vc-arm\/"},"modified":"2021-06-21T13:49:43","modified_gmt":"2021-06-21T13:49:43","slug":"trella-closes-usd-42-mn-series-a-round-co-led-by-maersk-vc-arm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/21\/trella-closes-usd-42-mn-series-a-round-co-led-by-maersk-vc-arm\/","title":{"rendered":"Trella closes USD 42 mn series A round co-led by Maersk VC arm"},"content":{"rendered":"

Egyptian digital trucking platform Trella closed a USD 42 mn series A round <\/strong>co-led <\/strong>by <\/strong>Maersk Growth, <\/strong>the venture capital arm of container shipping giant Maersk, according to a statement (<\/a>pdf<\/a>)<\/a>. The financing includes USD 30 mn new equity and USD 12 mn debt facilities, which likely go towards the company plans to scale its operations in the MENAP region (Middle East, North Africa, Afghanistan and Pakistan), CEO and co-founder Omar Hagrass said in the statement. The financing will also be used to invest in the startup\u2019s \u201ctech capacity and product development,\u201d the statement read.<\/p>\n

Who are the participants? <\/strong>The equity portion of the funding was led by Maersk Growth and Saudi Arabian investor Raed Ventures. Other investors include Algebra Ventures, Vision Ventures, Next Billion Ventures, Venture Souq, Foundation Ventures and Flexport. The debt portion was led by Lendable and other financial institutions.<\/p>\n

One step closer to unicorn status? <\/strong>Hagrass has not been shy in expressing his ambition for the company to become an Egyptian unicorn. And with the vast scope of this financing, there\u2019s an argument to be made that it is on its way there. In 2019, Trella raised USD 600k pre-seed round<\/a> led by Algebra Ventures, before it acquired rival Trukto<\/a>. The freight marketplace already operates in Egypt, Saudi Arabia and recently launched in Pakistan<\/a>.<\/p>\n

Want to know how Hagrass plans to take Trella there?<\/strong> Hagrass tells us why he thinks Trella could be a unicorn and how he plans to take Trella there in season 2 of our podcast series Making It (listen, runtime: 42:32<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

Egyptian digital trucking platform Trella closed a USD 42 mn series A round co-led by Maersk Growth, the venture capital arm of container shipping giant Maersk, according to a statement (pdf). The financing includes USD 30 mn new equity and USD 12 mn debt facilities, which likely go towards the company plans to scale its […]<\/p>\n","protected":false},"author":1,"featured_media":566464,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[633,145,665,95,123,2482],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterprisepm","tag-logistics","tag-maersk","tag-startup-watch","tag-startups","tag-trella","wpautop","entry"],"acf":{"mongo_id":"85f214d3-40dd-4236-b156-ddf241385e11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/548.jpg","photo_position":"above","related_issue":[566456],"teaser":"","voice_url":""},"yoast_head":"\nTrella closes USD 42 mn series A round co-led by Maersk VC arm - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/21\/trella-closes-usd-42-mn-series-a-round-co-led-by-maersk-vc-arm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trella closes USD 42 mn series A round co-led by Maersk VC arm\" \/>\n<meta property=\"og:description\" content=\"Egyptian digital trucking platform Trella closed a USD 42 mn series A round co-led by Maersk Growth, the venture capital arm of container shipping giant Maersk, according to a statement (pdf). 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The majority of that figure comes from Trella\u2019s USD 42 mn funding round co-led by Maersk Growth that was closed late last month. 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Mahfouz said in public comments that\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/37.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550269,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/20\/trella-secures-usd-6-mn-in-venture-debt-backed-by-the-us-govt\/","url_meta":{"origin":566463,"position":2},"title":"Trella secures USD 6 mn in venture debt backed by the US gov\u2019t","author":"enterpriseam admin","date":"20 October 2022","format":false,"excerpt":"The good people at B2B logistics marketplace Trella have secured USD 6 mn in debt financing from global debt platform ALMA Sustainable Finance and the US government\u2019s USInternational Development Finance Corporation (DFC), according to a press release. ALMA got a USD 4.2 mn guarantee facility from DFC, allowing it to\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/286.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585390,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/18\/trella-exits-pakistan\/","url_meta":{"origin":566463,"position":3},"title":"Trella exits Pakistan","author":"enterpriseam admin","date":"18 April 2023","format":false,"excerpt":"EFG Hermes, IDH, Careem and Swvl have all closed their doors in Pakistan amid the country\u2019s economic crisis","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/620.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549742,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/28\/trella-locks-in-smart-financing-from-contact-aman-now-offers-islamic-and-nano-financing\/","url_meta":{"origin":566463,"position":4},"title":"Trella locks in smart financing from Contact + Aman now offers Islamic and nano financing","author":"enterpriseam admin","date":"28 September 2022","format":false,"excerpt":"B2B logistics marketplace Trella has inked an agreement with Contact Financial designed to give it and the carriers it works with the access to finance they need to grow, the companies announced (pdf) yesterday.Driving business growth: Under the agreement, two Contact units will provide Trella\u2019s carriers (both individuals and small\u2026","rel":"","context":"In "FINANCIAL SERVICES"","block_context":{"text":"FINANCIAL SERVICES","link":"https:\/\/enterpriseam.com\/egypt\/category\/financial-services\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549518,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/20\/maersk-could-work-with-egypt-on-usd-15-bn-clean-fuel-project\/","url_meta":{"origin":566463,"position":5},"title":"Maersk could work with Egypt on USD 15 bn clean fuel project","author":"enterpriseam admin","date":"20 September 2022","format":false,"excerpt":"Egypt and Danish shipping giant Maersk could cooperate on a USD 15 bn project to produce clean fuel for ships, Ittihadiya said yesterday following talks between President Abdel Fattah El Sisi and Maersk CEO Soren Skou. The statement said El Sisi directed the government to start working with the company\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/284.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=566463"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566463\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/566464"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566463"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566463"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}