SoftBank and Tencent provided a combined $150m to co-lead a series F round valuing the trucking services marketplace at $1bn.

Brazil-based trucking services provider has secured $200m in a series F round co-led by internet and gaming group Tencent and internet and telecommunications conglomerate SoftBank, Brazil Journal has reported.

Tencent and SoftBank reportedly put a combined $150m into the round, with the remaining $50m being provided by venture capital fund manager Valor Capital Group, private equity vehicle Lightrock and multifamily office Oikos. It valued the company at $1bn post-money.

Founded in 2016, CargoX runs an online logistics marketplace that use…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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