Investcorp led a $100m round in TruKKer.

Investcorp, an alternative investment firm, led a $100m round in TruKKer, a digital freight network. “Saudi Arabia is increasingly rich in highly investible companies, from fast-growth technology businesses like TruKKer to long-established family businesses that have grown consistently and are now looking for capital to implement more ambitious expansion plans. We are seeing a lot of interest in pre-IPO rounds as scale-ups secure greater market share and more Saudi businesses prove themselves successful on a national and regional basis. TruKKer is just one example of the kind of company that we believe will prove attractive to institutional investors as the Saudi ecosystem matures, and our Pre-IPO fund will focus on exactly these kind of high growth businesses," Hazem Ben-Gacem, Investcorp Co-CEO.