Uber's freight services subsidiary has secured series A funding from Greenbriar Equity Group in a deal valuing it at $3.3bn post-money.
Investment firm Greenbriar Equity Group agreed on Friday to provide $500m in series A financing for US-based on-demand ride provider Uber’s freight services subsidiary.
The deal will value Uber Freight at $3.3bn post-money and Greenbriar managing partners Michael Weiss and Jill Rake will join the spinoff’s board of directors.
Launched by Uber in 2017, Uber Freight is a mobile app that enables shippers to connect to truckers and other carriers in order to streamline their shipment activities.
The service involves…
