Convoy Raises $260M

Seattle, WA-based digital freight network company Convoy has raised a $260 million Series E round of funding. The funding comprised of a $160 million Series E preferred equity round led by Baillie Gifford and T. Rowe Price. The round also included a $100 million venture-debt investment from Hercules Capital. Additionally, Convoy secured a $150 million line of credit from J.P. Morgan.

Convoy is valued at $3.8 billion according to a statement from the company.

Update: 11-22-22

Also see:

Zenlytic raises $5.4M

New York-based business intelligence provider Zenlytic has raised $5.4 million in seed funding.

Capitol raises $10M

New York-based Capitol, has raised a $10 million seed round.

Yahaha raises $40M (Finland)

Yahaha has raised $40 million in a Series A+ investment round.

Pinata raises $10M

New York-based Pinata, a SaaS-based enterprise task management provider,...

Owl Labs Raises $25M

Boston, MA-based AI-powered 360-degree video conferencing solutions provider Owl Labs has raised $25 million.