Convoy

Convoy

Digital platform connecting carriers with shippers

Overview

Convoy operates a digital freight network that connects shippers with carriers to move goods efficiently. It uses an online platform to match loads with trucking capacity, reducing the need for traditional freight brokers. The system provides real-time shipment tracking, a drop-and-hook program to speed up loading and unloading, and a sustainable capacity model that can adapt to market volatility so clients always have access to trucks. Revenue comes from service fees charged for arranging shipments. Convoy differentiates itself with a strong service focus, tailored programs, and long-term partnerships with large brands, aiming to lower freight costs and improve reliability for its customers.

About Convoy

Simplify's Rating
Why Convoy is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Automotive & Transportation

Enterprise Software

AI & Machine Learning

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$1.1B

Headquarters

Seattle, Washington

Founded

2015

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Simplify's Take

What believers are saying

  • DAT's $250M acquisition in July 2025 integrates with DAT One load board.
  • Flexport's June expansion targets app-centric owner-operators effectively.
  • February 2024 relaunch shifts to high-margin software services model.

What critics are saying

  • DAT undercuts pricing via dominant load board in 6-12 months.
  • Freight fraud incidents drive shippers to secure competitors now.
  • Small carriers' price sensitivity compresses margins against Uber Freight.

What makes Convoy unique

  • Convoy Platform automates freight-matching with real-time visibility for brokers.
  • AI-powered matching connects 30,000 brokers to 750,000 small carriers.
  • 16% fewer crashes and 99.95% claim-free loads distinguish safety record.

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Funding

Total Funding

$1.1B

Above

Industry Average

Funded Over

8 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Medical, dental, and vision premiums 100% covered, and 85% covered for your family

Employee resource groups

Commuter benefits

Time off

401(k)

On-demand mental and emotional health benefits through Lyra, and on-demand primary care through 98.6.

Fertility benefit solutions via Progyny.

Child-care and adult/elder-care options through Bright Horizons.

Mother’s rooms with in-room, hospital-grade breast pumps for breastfeeding mothers. For traveling mothers, Convoy will reimburse the cost of shipping breast milk home.

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-3%
Business Wire
Jul 29th, 2025
DAT to Acquire the Convoy Platform from Flexport

DAT Freight & Analytics has agreed to acquire the Convoy Platform from Flexport, adding best-in-class automation and digital freight-matching technology to i...

EIN Presswire
Jul 28th, 2025
Flexport sells Convoy tech to DAT

Flexport is selling the tech stack it acquired from Convoy less than two years ago to DAT for a reported $250 million, after purchasing it for $16 million in 2023. Flexport CEO Ryan Petersen stated that the sale puts the company in a strong financial position. The decision to sell was influenced by concerns that the Convoy platform's neutrality conflicted with Flexport's primary freight forwarding business. The digital brokerage business from the acquisition will remain with Flexport.

Stock Titan
Jul 28th, 2025
DAT Acquires Convoy Platform from Flexport

DAT Freight & Analytics is set to acquire the Convoy Platform from Flexport, enhancing its digital freight-matching capabilities. The Convoy Platform automates freight transactions and complements DAT's load board, DAT One. Jeff Clementz, DAT CEO, highlights the acquisition's role in expanding network value and customer options. Ryan Petersen, Flexport CEO, notes the platform's improved value and market fit over 18 months.

GeekWire
Dec 4th, 2024
A List Of Logistics Startups In Seattle, A ‘World-Class’ Hub For Supply Chain Software Talent

The Seattle waterfront and Port of Seattle properties, with a container ship and West Seattle in the background. (GeekWire Photo / Taylor Soper)Buoyed by longtime logistics giants such as Amazon and the rapid rise of trucking startup Convoy, the Seattle region has emerged as a major epicenter for supply chain software innovation.There are at least 15 startups in the Seattle area (listed below) that develop logistics software to help companies move and manage physical goods.The supply chain talent pool in Seattle has a unique blend of “technical skill and customer focus required to win in today’s economy,” said Jason Murray, a former Amazon vice president and co-founder of Seattle-based shipping logistics startup Shipium.That talent can be traced back to global corporations in Seattle such as Starbucks, Costco, Expeditors, and Amazon.The city has an abundance of “supply chain awareness,” said Dan Lewis, co-founder and former CEO of Convoy, a one-time darling of Seattle’s startup scene that raised investment from the likes of Jeff Bezos and Bill Gates. The digital trucking marketplace was valued at more than $3 billion before shutting down in 2023 and selling its assets to Flexport, which re-launched the platform this year and has a Seattle-area satellite office.The supply chain crisis during the pandemic, along with advances in mobile, AI, and other software-related technologies, has driven interest and funding to logistics startups, Lewis said. Lewis and his co-founder Grant Goodale cut their teeth at Amazon before launching Convoy in 2015.Other Amazon leaders have taken the startup leap into logistics in Seattle, including Dave Clark, the former Amazon Worldwide Consumer CEO who just raised $100 million for Auger, a supply chain tech startup.An Amazon electric van in Seattle. (GeekWire Photo / Kurt Schlosser)Clark, who was recently based in Dallas, returned to the Seattle area to launch Auger.“I think some of the best talent in the world for this particular problem space lives in Seattle,” he told GeekWire in October.Bryan Lacaillade is another former Amazonian now leading a Seattle-area logistics startup, launching Freightmate earlier this year.“Seattle’s logistics tech ecosystem is truly world-class and was the primary reason we chose to launch Freightmate here,” said Lacaillade, who previously worked at Flexport.Mo Afshar, CEO of Pipe17, a Seattle e-commerce operations startup, said the physical proximity to Amazon gives his company an advantage.“Amazon has defined a lot of what logistics means in the modern world, so being in the same city really makes a difference,” he said. Seattle has built a reputation around the country as a hub for logistics tech talent

Manifold Freight
Oct 31st, 2024
Freight Fraud: Where to find safe loads

Even at Convoy, there were incidents of freight theft over some of its shipper's freight and despite being pretty far removed from the incidents at the time, I could feel its impacts in my org.

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