Maersk Growth and Raed Ventures co-led a $42m round for shipping platform developer Trella while GV exited deep learning software provider Determined AI.
Funding
Shipping firm AP Moller – Maersk and diversified holding company Almajdouie Holding co-led a $42m financing round for Egypt-based digital freight marketplace Trella yesterday through corporate venturing units Maersk Growth and Raed Ventures respectively. The round consisted of $30m in equity funding from investors also including freight services provider Flexport, Algebra Ventures, 4DX Ventures, Vision Ventures, Next Billion Ventures, Venture Souq and Foundation Ventures, and a $12m debt facility from by Lendable. It followed a $600,000 pre-seed round led…
