Bill Gates Backs Uber Freight Rival
Seattle startup Convoy raises $62 million in funding led by Y Combinator.
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As Bill Gates and Jeff Bezos jockey for the designation of world’s wealthiest man, the Seattle billionaires are united behind at least one local venture. They’re both investors in a trucking logistics startup that competes with Uber Technologies Inc.
Convoy Inc., a two-year-old Seattle company, makes software that matches nearby and available truckers to a shipping job. Convoy said Tuesday it raised a new round of funding from Bill Gates’s Cascade Investment and other backers. Gates joins Amazon.com Inc.’s Bezos, who invested earlier. The latest financing totals $62 million.