Convoy, an on-demand trucking company backed by Bono and the Edge, is shutting down after failing to find a buyer.
The company, whose other big-name backers include Bill Gates, Marc Benioff, Jeff Bezos and Reid Hoffman, was valued at $3.8 billion in June 2022 after raising an additional $260 million from investors. Headquartered in Seattle, Convoy is a provider of on-demand shipment services designed to connect trucking companies with freight shippers. The company’s platform uses ...
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