About Convoy
Convoy is a company based in Lagos (Nigeria) founded in 2021. It operates as a SaaS (Software-as-a-Service). Convoy has raised $562 thousand across 2 funding rounds from investors including Y Combinator, Rally Cap Ventures and Musha Ventures. Convoy offers products and services including Core Gateway and Convoy Playground. Convoy operates in a competitive market with competitors including Svix, Hookdeck, Frain, Webhooks and HookActions, among others.
- Headquarter Lagos, Nigeria
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$562 K (USD)
in 2 rounds
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Latest Funding Round
$125 K (USD), Seed
Mar 23, 2022
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Investors
Y Combinator
& 10 more
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Employee Count
Employee Count
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Products & Services of Convoy
Convoy offers a comprehensive portfolio of products and services, including Core Gateway and Convoy Playground. 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.
Webhook solution for secure and reliable event delivery.
Tool for testing webhook integrations and payload inspection.
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Funding Insights of Convoy
Convoy has successfully raised a total of $562K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $125 thousand 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 2
- Last Round Seed — $125,000
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First Round
First Round
(20 Jan 2022)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - Convoy | Valuation |
investors |
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| Jan, 2022 | Amount | Seed - Convoy | Valuation | Rally Cap Ventures |
| 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 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Y Combinator, Rally Cap Ventures and Musha Ventures. 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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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Fintech startups are funded by Rally Cap Ventures angel network.
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Founded Year | Domain | Location | |
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Seed-stage tech investments are focused on Europe and the US.
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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 Svix, Hookdeck, Frain, Webhooks and HookActions, 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 |
Cloud-based webhook management solutions are provided for developers.
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| domain | founded_year | HQ Location |
Tools for developing, testing, and managing webhooks are provided.
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| domain | founded_year | HQ Location |
Platform offering webhook software
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| domain | founded_year | HQ Location |
Webhooks are managed and proxied via a secure platform.
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| domain | founded_year | HQ Location |
Webhook management solutions are offered via a developer CLI.
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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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Frequently Asked Questions about Convoy
When was Convoy founded?
Convoy was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Convoy located?
Convoy is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Is Convoy a funded company?
Convoy is a funded company, having raised a total of $562K across 2 funding rounds to date. The company's 1st funding round was a Seed of $437K, raised on Jan 20, 2022.
What does Convoy do?
Convoy is established as a leading webhook gateway designed for secure, scalable, and reliable event delivery. It is built to serve developers and trusted by enterprises across various sectors. Solutions such as advanced endpoint management and the Convoy Playground are provided to enhance webhook reliability, security, and integration testing. The architecture is engineered for resilience and speed, ensuring high availability and seamless data handling. Compliance with standards like SOC2 and GDPR is maintained to meet enterprise requirements.
What products or services does Convoy offer?
Convoy offers Core Gateway and Convoy Playground.
Who are Convoy's investors?
Convoy has 11 investors. Key investors include Y Combinator, Rally Cap Ventures, Musha Ventures, Future Africa, and Aidi.