Convoy

Industrial

Founded: 2015

Last Round Valuation: $3.8B

Convoy, established in 2015 by Dan Lewis and Grant Goodale, is a company that created a digital freight network for the trucking industry. Based in Seattle, WA, Convoy leverages technology to enhance freight efficiency, lower costs for shippers, boost earnings for carriers, and eliminate carbon emissions.

Convoy Overview:

Convoy is a technology-driven company that was founded in 2015 by Dan Lewis and Grant Goodale. It has gained prominence as a leading developer of a digital freight network designed specifically for the trucking industry. The company is headquartered in Seattle, WA, and operates with the mission of revolutionizing freight logistics through the power of technology.

Convoy's digital freight network offers a range of innovative solutions aimed at enhancing the efficiency and effectiveness of freight transportation. By leveraging advanced technology, Convoy provides a platform that connects shippers and carriers, streamlining the entire process and enabling seamless communication and collaboration.

One of the key advantages of Convoy's platform is its ability to optimize freight operations, making them more efficient and cost-effective for shippers. Through intelligent algorithms and data-driven insights, Convoy identifies the most suitable carriers for each shipment, ensuring reliable and timely delivery while reducing overall costs for shippers.

In addition to improving efficiency and reducing costs, Convoy is also committed to sustainability. The company actively works towards eliminating carbon emissions in the trucking industry by implementing eco-friendly practices and utilizing efficient routing algorithms. This dedication to sustainability sets Convoy apart as a forward-thinking and socially responsible organization.

Overall, Convoy has established itself as a pioneering force in the transportation technology sector. By combining cutting-edge technology, data-driven solutions, and a commitment to sustainability, Convoy is driving positive change in the trucking industry, improving the experiences of shippers and carriers alike, and shaping the future of freight logistics.

Founders:

  • Dan Lewis

  • Grant Goodale

Top Investors:

  • Greylock Partners

  • Y Combinator

  • CapitalG

  • Cascade Investment

  • Amazon.com

  • Salesforce Ventures

  • T. Rowe Price

  • Lone Pine Capital

  • Baillie Gifford

  • Microsoft Ventures

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Apr 2022 Series E $160MM $859.52MM $16.50 $3.8B Baillie Gifford, T. Rowe Price, Park West
Nov 2019 Series D $388.76MM $669.52MM $13.54 $2.83B Baillie Gifford, CapitalG, Durable Capital Partners
Nov 2019 Series D-1 $30MM $310.76MM $13.54 $2.83B Baillie Gifford, CapitalG, Durable Capital Partners
Sep 2018 Series C $196.09MM $280.76MM $7.10 $1.08B CapitalG, Greylock, Y Combinator
Jul 2017 Series B $66.02MM $84.67MM $3.06 $357.16MM Bezos Expeditions, Cascade Investment, Greylock Partners
Mar 2016 Series A $18.65MM $18.65MM $0.60 $53.27MM Red Sea Ventures, Greylock Partners, Omid

In the News:

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