CapitalG returned for the $400m series D that brought Convoy’s total funding to $668m, after the Alphabet subsidiary had previously led a $185m series C round.
US-based trucking services provider Convoy collected $400m in a series D round yesterday that featured CapitalG, the growth equity arm of technology and internet conglomerate Alphabet.
Investment firm Generation Investment Management co-led the round together with funds and accounts advised by asset management company T. Rowe Price Associates, while financial services group Fidelity also took part.
Baillie Gifford, Durable Capital Partners LP and Lone Pine Capital filled out the round.
Convoy operates a freight platform that automatically connects shippers to…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
