Trucking services platform Convoy increased its total funding to $265m in a CapitalG-led round that valued it at $1bn.
CapitalG, the growth equity arm of internet and technology group Alphabet, has led a $185m series C round for US-based trucking services provider Convoy.
The round included investment management firm Lone Pine Capital, funds and accounts advised by fellow investment manager T. Rowe Price and undisclosed existing investors. It valued Convoy at $1bn, the company told GeekWire.
Convoy runs an online platform that links truckers with clients requiring goods to be shipped, using technology to optimise routes and distribution. It…
