Monday, September 24, 2018

Google's CapitalG Backs Convoy In $185M Funding

CapitalG, the growth equity arm of Google, led an investment last week in Seattle-based Convoy, which operates an online marketplace for trucking operators. Convoy said that has raised $185M in a Series C funding, and has now raised more than $265M in total. CapitalG's David Lawee joins the company's board with the funding. The funding round also included new funding from T. Rowe Price Associates, Inc. and Lone Pine Capital, as well as other existing investors.