Freight marketplace Trukker bags $23m Series A from Careem-backer STV

Photo by Lucas Miguel on Unsplash

Trukker, a digital marketplace for land freight based in the U.A.E, has raised one of the largest initial rounds of capital for a startup in the region.

The $23 million financing round, known in the industry as Series A, is being led by STV, a $500 million Saudi technology venture capital fund that previously invested in Careem, the U.A.E.-based ride-hailing company that was acquired by Uber for $3.1 billion in March.

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