Siemens' Next47 subsidiary has participated in a series B round led by Mubadala Ventures that boosted the collaborative shipping platform's overall funding to near $100m.
Turvo, the US-based creator of a collaborative delivery service, completed a $60m series B round yesterday that included industrial product and appliance producer Siemens’ Next47 unit.
The round was led by Abu Dhabi sovereign wealth fund Mubadala Investment Company through its Mubadala Ventures vehicle, with participation from venture capital firm G2VP, Activant Capital, Felicis Ventures, Future Shape and Upside Partnership.
Turvo has developed a cloud platform that connects people, businesses, devices and applications, making it easier and more transparent for…
