Convoy Raises $185 Million led by Alphabet’s CapitalG | Convoy
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Convoy Raises $185 Million led by Alphabet’s CapitalG

Today we are excited to announce that we’ve raised $185M led by CapitalG, the growth equity investment fund of Google parent company Alphabet, bringing our total capital raised to more than $265 million. As part of our new relationship with Alphabet, David Lawee from CapitalG will join our board of directors.

This year, we’ve expanded our operations nationwide and evolved our business beyond just freight matching. We are excited to expand our relationships 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.
Trucks run empty 40% of the time, and they often sit idle due to inefficient scheduling. This is a drag on the economy, the environment, and the bottom lines of shippers and carriers alike. Convoy’s ability to serve our shippers and carriers with ground-breaking, innovative technology is already having an impact on these critical problems, and our partnership with CapitalG and other leading investors will accelerate this. We are very excited about what lies ahead. – Dan Lewis, Co-Founder and CEO of Convoy

Thank you to shippers and all the carriers who haul with Convoy for making this possible!

Convoy Team
Convoy is a nationwide trucking network and platform that’s transforming the $800B trucking industry. With Convoy, carriers get access to a free mobile app that allows them to find loads they want, save time, drive fewer miles empty, and get paid quickly. Shippers use Convoy’s data-driven insights and industry-leading service levels to book loads, improve their supply chain operations, lower costs, and reduce waste.