- Egypt’s marketplace for trucks, Trella, has raised $3.5 million from newly-launched private equity fund Avanz Capital Egypt.
- The Avanz Capital fund, launched in 2022, is a subsidiary of Squared Capital International, and manages a couple of funds, one focuses on investing in startups and SMEs and the other is aimed at supporting low-carbon projects.
- Trella was founded in 2018 by Omar Hagrass, Ali El Atrash, Pierre Saad and Muhammad El Garem. It connects shippers with trucks in real time.
- Besides Egypt, it says it also has operations in Saudi Arabia and Pakistan.
- Last year, Trella also secured $6 million in debt funding from ALMA Sustainable Finance (ALMA) and the US International Development Finance Corporation (DFC).
Avanz Capital Egypt, a subsidiary of I Squared Capital International, is making significant strides in expanding its investment portfolio with a multi-faceted approach. The company has recently announced its support for the logistics startup, Trella, alongside the launch of two new funds and a commitment to investing in existing funds and companies.
Avanz Capital Egypt has strategically invested approximately $3.5 million in Trella, a promising logistics startup operating in the field of logistics services. This investment not only demonstrates Avanz Capital Egypt’s confidence in Trella’s potential but also establishes the company as a key player in the flourishing logistics sector. With this partnership, Avanz Capital Egypt aims to leverage Trella’s innovative solutions and contribute to the growth and success of the logistics industry.
In addition to backing Trella, Avanz Capital Egypt is launching two new funds, further diversifying its investment portfolio. The first fund focuses on supporting small and medium enterprises (SMEs), aiming to provide much-needed capital and resources to fuel their growth. By nurturing these enterprises, Avanz Capital Egypt aims to contribute to the overall development and expansion of the Egyptian market. The first closing of Avanz Manara Fund in March collected financial obligations of approximately 905 million pounds, with about 25% of the amount already paid.
The second fund sets its sights on low-carbon projects, intending to issue “carbon credits” under the name “EGYCOP.” With an initial target of raising one billion pounds, this fund emphasizes Avanz Capital Egypt’s commitment to sustainable investments and the transition to a greener economy. By capitalizing on opportunities in the low-carbon sector, Avanz Capital Egypt seeks to drive positive environmental impact while generating attractive returns for investors.
Beyond the launch of new funds, Avanz Capital Egypt is actively exploring opportunities to invest in existing funds and companies. The company aims to identify potential investments that align with its strategic objectives and have the potential for growth and value creation. Avanz Capital Egypt’s investment strategy encompasses various sectors, including healthcare, logistics, green economy, renewable energy, and defense, among others.
Avanz Capital’s parent company, “I Squared Global Capital,” manages assets worth over $13 billion in 130 companies worldwide. The company targets investments in funds and companies in startup and emerging markets, with a particular focus on Africa, Latin America, and Asia.
Through its backing of Trella, launch of new funds, and investment in existing funds and companies, the firm showcases its comprehensive approach to investment. By diversifying its portfolio across different sectors and supporting both emerging and established enterprises, Avanz Capital Egypt seeks to generate attractive returns while contributing to the overall economic development of Egypt.
As the firm expands its investment activities, the company aims to make a positive impact on the Egyptian market and position itself as a trusted partner for businesses seeking growth and investment opportunities. With its dynamic approach and strategic investments, Avanz Capital Egypt continues to play a vital role in driving innovation, entrepreneurship, and sustainable economic growth in Egypt and beyond.