Funding round
TruKKer Series C
TruKKer, which works in logistics services in Dubai, raised $100M in a Series C round announced on 7 Sep 2022, led by Investcorp. 5 firms took part. It is TruKKer's fourth venture round on record; the one before was a Series B in Feb 2022.
$100M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
TruKKer did not disclose a valuation in this round. It came 7 months after TruKKer's Series B. It is 31% of the $322M TruKKer has raised in the venture rounds on record. TruKKer raised again 48 months later: a Growth round of $100M in Sep 2026.
TruKKer's funding rounds
TruKKer has 5 venture rounds on record and 4 other deals. This one is highlighted.
- Pre-seed 1 Jan 2019 $2.7M
- Series A 11 Nov 2019, led by STV $23M
- Debt not a venture round 1 Jan 2020 $10M
- Debt not a venture round 1 Feb 2022 $50M
- Series B 14 Feb 2022, led by ADQ and STV $96M
- Series C this round 7 Sep 2022, led by Investcorp $100M
- Debt not a venture round 4 Jul 2025 $15M
- Debt not a venture round 15 May 2026, led by ADCB $300M
- Growth 12 Sep 2026, led by Investcorp $100M
Investors
Who put money in
Investcorp led the round with 4 other firms.
Lead investor
- backs 18 venture-backed companies new investor
Also in the round
- Mubadala backs 42 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- Reliance Group new investor
- March Holding new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Trucking and Logistics, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Trucking and Logistics | 28 Mar 2022 | $50M | not disclosed | PeakSpan Capital |
| Trucking and Logistics | 1 Feb 2022 | $40M | not disclosed | Tiger Global |
| Tech Companies | 19 Sep 2022 | $100M | $1.00B | BRV Capital Management |
| Pharmaceutical Products | 12 Sep 2022 | $90M | not disclosed | Drive Capital and Aisling Capital |
| Tech Companies | 15 Sep 2022 | $90M | not disclosed | Goldman Sachs Asset Management |
| Food Production | 19 Sep 2022 | $75M | not disclosed | Novo Holdings |
| Tech Companies | 20 Sep 2022 | $75M | not disclosed | Creaegis Investment Management |
| Senior Care and Assisted Living Facilities | 1 Sep 2022 | $75M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did TruKKer raise in its Series C round?
TruKKer raised $100M in its Series C round, announced in Sep 2022.
Who led TruKKer's Series C round?
Investcorp led it, with Mubadala, Riyadh Valley Company, Reliance Group and March Holding.
What was TruKKer's valuation at the Series C round?
It was not disclosed.
Did TruKKer raise again after this round?
Yes: a Growth round in Sep 2026 of $100M.