Trucking company backed by Bono and the Edge valued at $3.8bn

The U2 frontman and guitarist were early backers of Seattle-based Convoy which has raised an additional $260 million

Bono and the Edge were early investors in Convoy, the on-demand US trucking company. Other investors include Bill Gates and Jeff Bezos

Convoy, an on-demand trucking company backed by Bono and the Edge, has raised an additional $260 million (€239.8 million) at a $3.8 billion valuation.

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 machine learning to connect a network of more that 400,000 trucks in the US to move goods more efficiently.

Bono and the Edge were early investors in the ...