Convoy

Convoy is a network of tech-enabled trucking companies transforming the $800B trucking industry and logistics ecosystem for truck drivers and shippers.

Convoy is reinventing the supply chain with technology-backed full service trucking.

Convoy was founded in 2015 by Dan Lewis & Grant Goodale and is based in Seattle, Washington with an additional office in Atlanta, Georgia.

Convoy offers guaranteed capacity and innovative real-time GPS tracking via our connected carrier network.

Convoy uses technology to match reliable trucks (“carriers”) with companies that need to ship freight. With Convoy, carriers get access to a free mobile app that allows them to find loads they want, save time, drive fewer miles empty, and get paid quickly.

 

Convoy has added new features to its platform as part of its scaling strategy. The company launched in 2019 an automated reloads feature that allows truckers book multiple loads at a time. It also added Convoy Go, which allows drivers to bring their truck cab and hook up to a trailer pre-filled with cargo.

 

Convoy's investors include T. Rowe Price Associates, Greylock Partners (the VC fund of LinkedIn co-founder Reid Hoffman), CapitalG,Generation Investment Management, Marc Benioff, Jeff Bezos via Bezos Expeditions, former Starbucks President Howard Behar, founders & CEOs of eBay, Instagram, KKR, and DropBox, among others. The company raised $400M from a latest "Series D" financing on Nov 13, 2019. This new round brings Convoy's total funding to $665.5M to date

 

Convoy more than doubled it's valuation to $2.75B during the latest "Series D" round. The company was previously valued at $1B from "Series C" funding on Sep 21, 2018. Convoy was awarded GeekWire's 2017 Startup of the Year.

 

 

  • Year founded: 2015
  • Funding Info: $665.5M over 5 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: $50M-$100M (2019)
  • Employee Size: 501-1,000
  • Business Valuation: Valued at $2.75B as of Nov 13, 2019
  • City/Town: Seattle
  • State: Washington
  • Country: United States
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