Trella’s Logistics Startup is Supported by Avanz Capital Egypt with $3.5 million.
To aid in the expansion of the Egyptian logistics sector, private equity firm Avanz Capital Egypt has invested $3.5 million in the logistics start-up Trella. The business hopes to further diversify its investment portfolio by adding two new funds to those that already support Trella.
The first fund is concentrated on assisting small and medium-sized firms (SMEs), and it wants to provide them with the money and resources they urgently need to support their expansion; the second fund, on the other hand, has its eyes on low-carbon projects and plans to issue “carbon credits” under the name “EGYCOP.”Omar Hagrass, Ali El Atrash, Pierre Saad, and Muhammad El Garem founded Trella in 2018 as a digital platform that connects shippers with capable carriers to eliminate the inconveniences associated with shipping.
Additionally, the logistics start-up received $6 million in debt financing from DFC and ALMA Sustainable Finance (ALMA) in the previous year. It is currently active in Pakistan, Saudi Arabia, Egypt, and the United Arab Emirates.
