Bill Gates joins the list of high-profile investors in Convoy trucking network
Convoy, the technology-enabled trucking network, has raised $62m in Series B financing led by Y Combinator’s Continuity Fund. Other new investors included Cascade Investment (Bill Gates’ private investment vehicle), Mosaic Ventures, former US Senator Bill Bradley, and Barry Diller. They join existing Convoy investors Greylock Partners, Salesforce CEO Marc Benioff, Jeff Bezos (via Bezos Expeditions), Expedia CEO Dara Khosrowshahi, former Starbucks President Howard Behar, Code.org founders Hadi and Ali Partovi, and the founders & CEOs of eBay, Instagram, KKR, and DropBox, among others.
It is quite a line-up of techworld superstars.
Convoy provides a technology platform that matches shipments with carriers, and offers shippers an online dashboard through which they can manage their GPS-tracked shipments.
In a statement issued today (25 July), Convoy said will use the funds to “accelerate product development and expand its trucking marketplace nationally”.
