Logistics startup Porter raises $200 million in Series F funding, valuation hits $1.2 billion

Logistics startup Porter raised 200millioninSeriesFfunding,valuingthecompanyat1.2 billion. The round was led by Kedaara Capital and Wellington Management. Porter will use the funds to expand its vehicle fleet and technology platform. The company has achieved operational profitability in core markets while growing revenue 70% YoY.