TruKKer Secures $15 Million Debt Funding for Regional Expansion
TruKKer, a digital freight network based in Saudi Arabia, has received a significant boost with a $15 million debt investment from Ruya Partners. The funding, facilitated through Ruya’s flagship Ruya Private Capital I fund, is poised to fuel TruKKer’s growth ambitions across the Middle East, North Africa, and Central Asia. This injection of capital will bolster the company’s ongoing efforts to expand its regional footprint and further solidify its position as a leading freight-tech provider.
Powering Expansion and Tech Innovation
Founded in 2016, TruKKer has rapidly grown into a key player in the digital logistics landscape. The company’s platform connects over 60,000 transporters with more than 1,200 enterprise clients across nine countries, leveraging a real-time, AI-powered freight marketplace. The new funding will be strategically allocated to support regional expansion initiatives, enhance the platform’s technological capabilities, and drive further consolidation within the freight-tech sector. This investment follows a $100 million pre-IPO round in 2022, led by Investcorp, demonstrating continued confidence in TruKKer’s vision and execution.
This latest investment by Ruya Partners marks the sixth investment from its flagship private credit fund, Ruya Private Capital I. It signals a strong belief in TruKKer’s potential to revolutionize freight and logistics operations across the region by leveraging technology and building an expansive network. The funding will enable TruKKer to further optimize its services and reinforce its leading position in the rapidly evolving digital freight market.
Keywords
Related Keywords: TruKKer, Ruya Partners, debt financing, 15 million investment, logistics startup, trucking company, Middle East logistics, Saudi Arabia, supply chain financing, technology investment
