About Convoy
Convoy is a company based in Seattle (United States) founded in 2015 by Dan Lewis was acquired by DAT Solutions in July 2025. It operates as a Two-Sided Marketplace. Convoy has raised $825.5 million across 8 funding rounds from investors including Fidelity Investments, Flexport and JPMorgan Chase. Convoy offers products and services including Convoy Platform. Convoy operates in a competitive market with competitors including Echo Global Logistics, Transfix, uShip, Uber Freight and Truckstop.com, among others.
- Headquarter Seattle, United States
- Founders Dan Lewis
- Stage Unicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Dat Freight Tech, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$825.5 M (USD)
in 8 rounds
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Latest Funding Round
$100 M (USD), Debt – Venture
Mar 01, 2022
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Investors
Fidelity Investments
& 34 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Convoy
Convoy offers a comprehensive portfolio of products and services, including Convoy Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for matching brokers with trusted carriers.
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Leadership Team
61 people
Operations Team
44 people
Sales and Marketing
32 people
Software Development Team
29 people
Senior Team
27 people
Finance and Accounting
24 people
Manager Team
12 people
Human Resources and Administration
8 people
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Funding Insights of Convoy
Convoy has successfully raised a total of $825.5M across 8 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $100 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Debt – Venture — $100.0M
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First Round
First Round
(26 Oct 2015)
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Debt – Venture - Convoy | Valuation |
investors |
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| Dec, 2021 | Amount | Series E - Convoy | Valuation | Baillie Gifford , T. Rowe Price | |
| Dec, 2021 | Amount | Debt – Conventional - Convoy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Convoy
Convoy has secured backing from 35 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Fidelity Investments, Flexport and JPMorgan Chase. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture debt financing is provided to companies in multiple sectors.
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Founded Year | Domain | Location | |
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Asset management services are provided in Larkspur, United States.
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Founded Year | Domain | Location | |
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Private equity firm focused on sustainable investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Convoy
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Convoy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Convoy Comparisons
Competitors of Convoy
Convoy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Echo Global Logistics, Transfix, uShip, Uber Freight and Truckstop.com, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Technology-enabled supply chain and transportation services are provided to enterprises.
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| domain | founded_year | HQ Location |
Offers a marketplace providing on-demand load matching and freight booking services
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| domain | founded_year | HQ Location |
Global online marketplace for freight and vehicle shipping is facilitated.
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| domain | founded_year | HQ Location |
Trucking carriers are matched with shippers via an online marketplace.
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| domain | founded_year | HQ Location |
Online load board integrated with freight management functionalities
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Convoy
Frequently Asked Questions about Convoy
When was Convoy founded?
Convoy was founded in 2015.
Where is Convoy located?
Convoy is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Convoy?
Dan Lewis is the current CEO of Convoy. They have also founded this company.
Is Convoy a funded company?
Convoy is a funded company, having raised a total of $825.5M across 8 funding rounds to date. The company's 1st funding round was a Series E of $160M, raised on Oct 26, 2015.
What does Convoy do?
The Convoy Platform is operated as a leading digital marketplace designed exclusively for brokers and trusted carriers to connect and execute freight transactions efficiently. Focus is placed on the transportation sector, specifically truckload services, enabling carriers to earn more with reduced hassle through a free app, while brokers can scale operations and save resources. Solutions are provided to streamline freight matching and improve operational efficiency for both parties in the logistics chain.
Who are the top competitors of Convoy?
Convoy's top competitors include uShip, Transfix and Uber Freight.
What products or services does Convoy offer?
Convoy offers Convoy Platform.
Who are Convoy's investors?
Convoy has 35 investors. Key investors include Fidelity Investments, Flexport, JPMorgan Chase, DAT Solutions, and T. Rowe Price.
What is Convoy's valuation?
The valuation of Convoy is $2.7B as of Nov 2019.
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