The new funding includes: a $160 million Series E preferred equity round led by Baillie Gifford and funds and accounts advised by T. Rowe Price Associates, Inc.; a $100 million venture-debt investment from Hercules Capital, Inc.; and a new $150 million line of credit.
Source: logistics Mgmt
Convoy heralds $260 million capital funding raise, bringing total value to $3.8 billion
Published in News, Logistics, 3PL, Transportation, Motor Freight,
More from News, Logistics, 3PL, Transportation, Motor Freight,More posts in News, Logistics, 3PL, Transportation, Motor Freight, »
- Q4 U.S. Freight Index shows shipment declines, due to services resurgence
- PITT OHIO announces addition of 32 next-day lanes in and out of New York State
- FTR Shippers Conditions Index increases after two months of declines
- Truck tonnage ekes out small gain to finish 2022, reports ATA
- DAT Truckload Volume Index highlights a strong end to 2022 spot market rates
Be First to Comment