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Latham & Watkins Advises on TruKKer’s US$10 million Credit Line from Partners for Growth

January 18, 2021
Transaction represents significant milestone for the Middle East’s startup and venture ecosystem.

Latham & Watkins has advised TruKKer, the Middle East’s first on-demand truck aggregator, on a three year growth debt loan facility of up to US$10 million provided by Silicon Valley-based firm Partners for Growth (PFG). The transaction represents the Middle East’s largest venture-debt financing to date and marks PFG’s first investment in the region. 

TruKKer is the largest digital freight platform in the Middle East and North Africa, with a fleet of over 25,000 trucks and 500 business-to-business customers currently registered on the platform.

The Latham team was led by Dubai counsel Eyad Latif, with associates Peter Norris and Omar Maayeh.