Convoy raises $260m to accelerate digital freight transformation

PRESS RELEASE 

April 21, 2022 Convoy Team

Seattle, WA — April 21, 2022 — Convoy, the nation’s leading digital freight network, raised $260 million in new funding, comprised of a $160 million Series E preferred equity round led by Baillie Gifford and funds and accounts advised by T. Rowe Price Associates, Inc., as well as a $100 million venture-debt investment from Hercules Capital, Inc. (NYSE: HTGC). The company also secured a new $150 million line of ...