Convoy, a Seattle, WA-based digital freight-booking startup, raised $185M in funding.
The round, which brought the total amount raised to date to more than $265m, was led by CapitalG, the growth equity investment fund of Google parent company Alphabet. In conjunction with the funding, David Lawee from CapitalG will join Convoy’s board of directors.
The company intends to use the funds to expand its partnerships with shippers and carriers, accelerate technology-driven innovation, and use data to discover and solve more of the core problems facing shippers and carriers alike.
Led by Dan Lewis, Co-Founder and CEO, Convoy provides tech-powered trucking services for shippers of all sizes, from global companies who need 100s of trucks a day, to local manufacturers who might only need a few trucks a month.
The company offers guaranteed capacity and innovative real-time GPS tracking via a connected carrier network.
Using its free mobile app, carriers get access to personalized load offers based on lane preference, location, truck type, and load history to earn more and reduce deadhead miles.
FinSMEs
21/09/2018