Middle Eastern logistics startup TruKKer raised $100 million from investors including Bahrain-based asset manager Investcorp and Abu Dhabi wealth fund Mubadala Investment Co., in what’s likely to be its last funding round ahead of a planned listing.
The latest round was led by Investcorp — the first deal from a $500 million pre-IPO fund, according to Walid Majdalani, the firm’s head of private equity for the Middle East and North Africa.
Venture capital fundraising in the Middle East and North Africa rose by 46% in the first half of the year to hit $1.8 billion, according to research firm Magnitt, even as the amount raised globally dropped.
Read more: BNN Bloomberg
