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Access here alternative investment news about Convoy Raises $185 Million Led By Capitalg To Reinvent The $800B Trucking Industry
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Convoy Raises $185 Million Led By Capitalg To Reinvent The $800B Trucking Industry

by vcaonline.com posted 2months ago 49 views
SEATTLE, September 21, 2018-- Convoy, the leading technology-enabled trucking network in the U.S., announced today that it has secured $185M in Series C financing led by CapitalG, the growth equity investment fund of Google parent company Alphabet, bringing Convoy’s total capital raised to more than $265 million. As part of the new investment, David Lawee from CapitalG will join the board of directors. New investors also include funds and accounts advised by T. Rowe Price Associates, Inc. and Lone Pine Capital. Existing investors also participated in this round. “Convoy has the potential to transform the trucking industry.