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Egyptian freight truck e-marketplace Trella closes $42M funding round

The 3-year old startup is committed to digitizing trucking and offering a grade-A end-to-end solutions to both shippers and carriers

Egypt 2nd largest share of total venture investment in MENA: MAGNiTT

In its recent Egypt Venture Investment Report 2020, MAGNITT looked at the Egyptian startup ecosystem that pushed forward during an unexpected global upheaval

Online furniture marketplace Homzmart raises $15M for expansion

The online marketplace provides a wide variety of furniture and brand options, incorporating Artificial Intelligence to optimize furniture sellers’ content

Logistics startup Bosta receives $6.7M in Series A round

The investment will be used to expand their operations in the GCC, as well as target delivering more than 15 million parcels in Egypt in the next two years

Region’s largest pre-seed goes to Egyptian logistics startup Flextock at $3.25M

The company enables businesses to outsource logistics needs such as first mile, warehousing, last mile, cash collection, and returns