Convoy (company)

Convoy is an American trucking software company[1] co-founded by CEO Dan Lewis and CTO Grant Goodale.

Convoy
IndustryTrucking software
Founded2015 (2015)
FoundersDan Lewis
Grant Goodale
HeadquartersSeattle, Washington
Websiteconvoy.com

On 25 July 2017, the company raised $62 million in Series B funding led by Y Combinator's Continuity Fund. Other new investors included Cascade Investment CEO Bill Gates, [2] Mosaic Ventures, former U.S. Senator Bill Bradley, and Barry Diller. This round of funding brought Convoy's total amount raised to $80 million.[3]

They joined existing Convoy investors Greylock Partners (the VC fund of LinkedIn co-founder Reid Hoffman), Salesforce.com CEO Marc Benioff, Amazon founder Jeff Bezos via Bezos Expeditions, former Starbucks President Howard Behar, Code.org founders Hadi and Ali Partovi, and the founders & CEOs of eBay, Instagram, KKR, and DropBox, among others. [4]

Convoy was awarded GeekWire's 2017 Startup of the Year.[5]

In 2018, Convoy raised $185 million led by CapitalG at a $1 billion valuation.[6]

In 2019, Convoy raised $400 million led by Generation Investment Management and T. Rowe Price at a $2.75 billion valuation.[7]

References
  1. Bass, Dina (November 1, 2016). "Trucking Startup Convoy Inks Its Biggest Deal With Unilever". Bloomberg.com.
  2. Calfas, Jennifer (July 25, 2017). "The Startup That Bill Gates and Jeff Bezos Are Both Invested In". Fortune.com.
  3. "In a first deal of its kind, Convoy lands $62 million led by YC's Continuity Fund". TechCrunch. Retrieved 2018-10-08.
  4. Konrad, Alex (July 25, 2017). "Called The 'Uber For Trucks,' Convoy Raises $62M To Fend Off Uber Itself". Forbes.
  5. Taylor, Soper (May 4, 2017). "Revealed: Winners of the 2017 GeekWire Awards". GeekWire.
  6. "On-demand trucking app Convoy raises $185M at $1B valuation". TechCrunch. Retrieved 2018-10-08.
  7. "Convoy raises $400 million to expand its on-demand trucking platform". TechCrunch. Retrieved 2019-12-08.
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