Turvo, a U.S.-based real-time collaborative logistics platform, announced it has closed $60 million in Series B funding round.
Turvo's Series B funding was led by Mubadala Ventures, the San Francisco-based venture capital arm of peer Mubadala Investment Co. Mubadala Ventures will join the Turvo board.
Existing investors U.S.-based Activant Capital, Felicis Ventures, Future Shape, and Upside Partnership continued its support of Turvo's success by making additional investments in the Series B round.
The latest funds, which also had support from new investors G2VP and Next47, the German technology to healthcare company Siemens-backed global venture firm, brought the total investment in Turvo to nearly $100 million.