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Egypt Avanz Capital funds Trella logistics startup

Modupeoluwa Olalere by Modupeoluwa Olalere
June 15, 2023
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Avanz Capital Egypt, a division of I Squared Capital International, has put $3.5 million into transportation startup Trella.

In addition to the investment, the VC is starting two new funds and committing to investing in current funds and companies.

This investment makes Trella an important player in the growing logistics business. It also shows how much Avanz Capital Egypt believes in the company and its prospects. 

Through this partnership, Avanz Capital Egypt wants to use Trella’s cutting-edge technologies to help grow and develop the logistics sector.

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Trella is a logistics platform that was started in 2018 by Omar Hagrass. It links shippers with qualified carriers to move and handle loads. This service takes away the hassle of trucking. Shippers save money with Trella because it has clear prices and lets them keep track of their packages in real time. Aside from that, Trella gives them information about the trends and success of their transportation. 

The company is currently doing business in Egypt, Saudi Arabia, Pakistan, and the United Arab Emirates. This investment comes after Maersk’s venture capital arm gave the company $42 million in stock and debt in 2021.

 Read also: Trella Secures Substantial Debt Facility to Expand Operations

Avanz Capital Egypt supports SMEs

The first fund will help small and medium-sized businesses grow by giving them the capital and tools they need. By helping these companies, Avanz Capital Egypt wants to help the Egyptian market grow and get better as a whole.

During the initial close of the Avanz Manara Fund in March, about 905 million pounds worth of debt were collected, and about 25% of that amount has already been paid.

The second fund is for low-carbon projects and aims to sell “carbon credits” under the trade name “EGYCOP.” With a starting goal of one billion pounds, this fund shows how committed Avanz Capital Egypt is to sustainable investments and the transition to a greener economy. 

By using low-carbon business opportunities, Avanz Capital Egypt hopes to have a positive effect on the environment and give investors good returns.

Kenyan company Solutech expands to eight other African countries

Avanz Capital’s Mission

Avanz Capital Egypt is always looking for new ways to start funds and invest in funds and businesses that already exist. The group is looking for possible investments that fit with its business goals, have room to grow, and can bring value.

The investment plan of Avanz Capital Egypt covers a wide range of industries, including, among others, the healthcare sector, logistics, the green economy, renewable energy, and the defense sector. “I Squared Global Capital,” the main company of Avanz Capital, is in charge of more than 130 businesses and over $13 billion in assets.

The company wants to invest in funds and businesses in new and growing places, especially in Africa, Latin America, and Asia. As the company invests more and becomes a trusted partner for growing businesses, it hopes to have a positive effect on the Egyptian market.

Tags: Avanz CapitalEgyptTrella Egypt
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

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