Bill Gates, Jeff Bezos invest in a rival to Uber's trucking business
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.
The investment won’t break the bank for Gates or Bezos, whose fortunes are within $3 billion of each other, according to the Bloomberg Billionaires Index. But Convoy has become a hot startup investment among fellow billionaires. Salesforce.com Inc. Chief Executive Officer Marc Benioff and KKR & Co. co-CEO Henry Kravis are also shareholders. IAC/InterActiveCorp. Chairman Barry Diller participated in the new round with Gates. Read more...
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COntributer : Mashable http://ift.tt/2vFaNVx
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