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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