Uber Freight raises $500M led by Greenbriar, valuing the unit at $3.3B

Uber Freight raised $500 million in a funding round led by Greenbriar that values the trucking logistics unit at $3.3 billion, and the business reported $211 million in adjusted net revenue for Uber’s most recent quarter with a $49 million quarterly loss. The unit operates a digital freight marketplace with about 65,000 carriers and competes with startups like Convoy, which recently raised $400 million at a $2.7 billion valuation.

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