Alphabet subsidiary GV was among the investors participating in a series E round valuing the digital freight services marketplace at $3.8bn.

US-based trucking services marketplace Convoy secured $260m in debt and series E equity financing yesterday from investors including internet and technology group Alphabet’s growth equity arm, CapitalG.

Baillie Gifford and T Rowe Price co-led the equity portion of the round, which also featured investment and financial services firm Fidelity. It valued the company at $3.8bn.

Park West, Durable Capital Partners, Generation Investment Management, Lone Pine Capital, Greylock Partners, Y Combinator and private investors Jeff Bezos, Bill Gates, Marc Benioff, Hadi,…

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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.