Middle Eastern logistics startup TruKKer raised $100 million in funds

Middle Eastern logistics startup TruKKer raised $100 million from investors including Bahrain-based asset manager Investcorp and Abu Dhabi wealth fund Mubadala Investment Co.

TruKKer will use the funds to expand into new countries and is “considering acquisition opportunities to accelerate growth,” according to Biswas. The transportation company currently operates in eight countries, including Saudi Arabia, the United Arab Emirates, and Turkey. Through its platform that connects shippers and freight carriers, the company manages a network of over 45,000 trucks.