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 9 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 9 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.
A platform for matching brokers with trusted carriers.
People of Convoy
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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 9 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 9
- 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 |
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.
| 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 |
Investments & Acquisitions by Convoy
Financial Statements - Convoy
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.
| 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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Frequently Asked Questions about Convoy
Convoy was founded in 2015.
Convoy is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Dan Lewis is the current CEO of Convoy. They have also founded this company.
Convoy is a funded company, having raised a total of $825.5M across 9 funding rounds to date. The company's 1st funding round was a Series E of $160M, raised on Oct 26, 2015.
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.
Convoy's top competitors include uShip, Transfix and Uber Freight.
Convoy offers Convoy Platform.
Convoy has 35 investors. Key investors include Fidelity Investments, Flexport, JPMorgan Chase, DAT Solutions, and T. Rowe Price.
The valuation of Convoy is $2.7B as of Nov 2019.