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Convoy (company)

Convoy (company)

Convoy is a trucking and logistics company that utilizes technology to connect shippers with carriers and book services.

Convoy is an on-demand platform that connects truck drivers with companies that need their freight services. Convoy was established in 2015 by Dan Lewis and Grant Goodale. Convoy aims to optimize the matching process between truck drivers and companies who need to move goods based on criteria such as distance, price, and capacity. The company’s headquarters is located in Seattle, Washington.


As a platform, Convoy provides truck drivers (known as Carriers) with a pool of companies (known as Shippers) who need their services to deliver cargo from point-of-origin to destination. Carriers can find Shippers through Convoy’s application. Pricing is determined by Convoy and Carriers would receive the payment on 2-3 days after delivery.


Convoy has received a total capital of $265.5 million through two funding rounds since 2015. Its most recent funding round was held in September 2018 and raised $185 million. There are 35 entities who invested in Convoy, and three of them were lead investors. Past investors for Convoy include CapitalG, T. Rowe Price, Lone Pine Capital, Jeff Bezos, and Cascade Investment.


November 2019
Convoy raises a $2,750,000,000 series D round from Baillie Gifford, CapitalG, Durable Capital Partners, Fidelity Investments, Generation Investment Management, Lone Pine Capital and T. Rowe Price.

Funding rounds


Further reading

Documentaries, videos and podcasts



Emma Cosgrove
June 5, 2021
Business Insider
The future of trucking-tech startups now rests on how much of the pandemic growth they can hold on to when freight comes back down to earth.
Ashley HomeStore
February 24, 2021
/PRNewswire/ -- As communities across Texas recover from the state's historic winter storm that caused blackouts and disrupted water supplies, charitable...
Convoy of Hope
February 19, 2021
/PRNewswire/ -- Convoy of Hope's tractor trailers have arrived and continue to arrive to parts of Texas with water and supplies. In total, 10 of their fleet...
Kirsten Korosec
August 30, 2020
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. I'll [...]
April 24, 2020
As a faith-based, nonprofit organization, Convoy of Hope helps empower others to live with greater independence and freedom from poverty, disease and hunger. Since its founding in 1994, the organization has served 132 million people worldwide. In the United States, the Convoy of Hope transportation team is on the front lines of delivering food, water, hygiene kits, baby items and relief supplies and more to communities in need during times of disaster, hunger and crisis. "Our experienced...
Rachel Premack
November 13, 2019
Business Insider
Convoy raised $400 million for its freight brokerage and software solution. The Seattle-based trucking tech unicorn is now valued at $2.75 billion.
Kirsten Korosec
November 13, 2019
Convoy, the digital freight network that connects truckers with shippers, has raised $400 million in a Series D funding round as it aims to scale its business amid an increasingly competitive market. The funding round brings Convoy's post-money valuation to $2.75 billion. The round was co-led by Generation Investment Management and previous Convoy investor T. [...]
Lisa Baertlein
May 1, 2019
As Inc targets traditional brokerages that match shippers with truckers, it's also battling a bevy of startups - including Uber Freight and a company funded by the e-commerce giant's founder Jeff Bezos.


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