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Trella, an Egyptian-based logistics startup, has raised $3.5 million in a recent funding round led by Avanz Capital.
This significant investment will enable Trella to expand its operations further, enhance its technology platform, and solidify its position as one of the leading players in the logistics industry. With the newly secured funding, Trella plans to expand its operations, strengthen its presence in existing markets, and explore opportunities in new geographies.
The investment will also be allocated towards enhancing its technology platform, which leverages data-driven insights and machine learning algorithms to optimize freight matching, improve efficiency, and deliver a seamless logistics experience.
Launched in 2022, Trella aims to address the logistics challenges businesses face in emerging markets, particularly in the Middle East and Africa. The platform connects shippers with carriers by leveraging technology, streamlining the process and providing real-time visibility and transparency throughout the transportation journey.
African startups have been invited to apply for the prestigious New Venture Competition organized by Harvard Business School’s Africa Business Club.
Juicyway, a Nigerian startup specializing in cross-border payments, has announced a successful $3 million pre-seed funding round.
Kenyan electric vehicle (EV) startup, Roam (formerly Opibus), has secured $24 million in combined debt and equity funding to fuel its expansion across Africa.