Convoy
Facts
- HQ
- Seattle
- Sectors
- Logistics, Transportation, SaaS
- Founded
- 2015 Seattle business license
- Type
- Corporation Seattle business license
- Registered name
- Convoy Inc Seattle business license
- Stage
- startup
- Total raised
- $479.6M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $302.2M · Oct 2019 SEC Form D
Outreach Cuts 12% of Staff Amid Economic Pressures, Aiming for 2024 Profitability
Seattle-based sales software startup Outreach laid off 12% of its staff amid shifting economic conditions and ongoing cost-cutting efforts, aiming for profitability next year. This follows previous layoffs of 5% in August 2022, 7% in February 2023, and another 5% last month, with some business functions being offshored to Mexico City and India.
Seattle Startup Gable.ai Raises $7M Seed to Build 'GitHub for Data' Platform Led by Former Convoy Data Leaders
Seattle startup Gable.ai, founded by former Convoy data leaders, announced $7 million in seed funding to develop a data collaboration platform aimed at bridging gaps between software developers and data teams. Investors liken the platform to a 'GitHub for data,' focusing on efficient data sharing while protecting existing infrastructure.
Seattle Trucking Startup Convoy Hires Investment Bank to Explore M&A Amid Market Challenges
Seattle trucking startup Convoy has hired an investment bank to explore potential M&A options, including a sale, merger, or strategic investment, amid market challenges and multiple layoffs. Founded in 2015 and valued at $3.8 billion, Convoy aims to increase platform volume to reach profitability.
Convoy Co-founder Grant Goodale Steps Down as Chief Experience Officer After Eight Years Amid Company Growth and Layoffs
Grant Goodale, co-founder of Seattle-based trucking startup Convoy, is stepping down as chief experience officer after eight years to spend more time with his family. Convoy, valued at $3.8 billion, aims to optimize trucking logistics but recently faced layoffs amid economic challenges.
Pacific Northwest Startup Funding Drops 35% in 2022, TerraPower Leads Top Rounds with $750M Investment
Venture capital investment in Pacific Northwest startups dropped 35% in 2022, with funding decreasing over 50% in the year's second half amid economic cooling and rising interest rates. Despite this slowdown, some startups like Bellevue-based TerraPower secured significant funding, with its $750 million round leading the top 10 deals that accounted for 44% of total investment in the region.
OfferUp Cuts 19% of Workforce Amid Missed 2022 Revenue Growth Targets
OfferUp, a Bellevue-based mobile marketplace, is laying off 19% of its staff due to revenue growth shortfalls despite having multiple years of financial runway. This move aligns with a broader trend of tech layoffs across the Seattle region amid economic uncertainties.
Amperity cuts 13 roles (3% of staff) amid reorganization while planning continued hires and investments
Seattle customer-intelligence startup Amperity laid off 13 employees (about 3% of its 375-person workforce), primarily from its talent acquisition team, while saying it will continue hiring and invest in growth. CEO Barry Padgett attributed the cuts to organizational alignment with strategic growth plans; the company became a unicorn in July 2021 after a $100 million raise and values at $1 billion.
Seattle Startup Shelf Engine Lays Off 43 Employees Amid Economic Challenges
Seattle startup Shelf Engine laid off 43 employees due to challenging economic conditions, reducing its workforce from about 200 to around 150. The company, which uses machine learning to help grocers manage orders and reduce food waste, continues pursuing its mission despite the cuts.
Startups, superheroes, and the economy at a crossroads: Voices from Seattle's tech community
After holding the GeekWire Awards virtually for the past two years, there was a feeling of real catharsis Thursday evening as hundreds of people streamed through the doors of the Showbox Sodo in Seattle for our annual celebration of the Pacific Northwest's top tech startups, leaders, and innovations. For the finalists in the 2022 GeekWire Awards, recognition at the superhero-themed show came with the added bonus of knowing that their companies made it through a period of unprecedented challenge and change. But the week also brought a new sense of uncertainty about what's to come. [Related Post: 2022 GeekWire Awards…
Cloud Paper Raises $5M for Bamboo, Tree-Free Toilet Paper Backed by Bezos Expeditions, TIME Ventures and Celebrity Investors
Seattle startup Cloud Paper, which makes tree-free bamboo toilet paper and paper towels to reduce deforestation, raised $5 million from investors including Bezos Expeditions, TIME Ventures, Jeff Wilke, Ashton Kutcher and other high-profile backers.
Logixboard raises $32M to expand freight-forwarding software as supply-chain chaos boosts demand
Seattle freight-forwarding software startup Logixboard raised $32 million (after a $13M round in April) to help traditional forwarders digitize document management, communications and visibility amid ongoing supply-chain disruption.
Seattle tech — including Amazon, Microsoft and startups like Convoy — poised to profit as pandemic-driven supply chain chaos accelerates digital logistics transformation
Persistent COVID-19–related supply chain disruptions have created demand for digital tools, presenting an opportunity for Seattle-area tech firms and startups—alongside Amazon and Microsoft—to provide IoT, cloud, and machine-learning solutions for trucking and logistics. Industry leaders say the pandemic accelerated digital transformation in trucking and may push broader adoption of sensors, edge devices and analytics to reduce delays and visibility gaps.
U.S. VC Hits $330B in 2021; Washington State Pulls $8.5B Across 549 Deals, 9 New Seattle Unicorns
Venture capital hit record highs in the U.S. in 2021 with $330 billion across 17,054 deals, and Washington state saw $8.5 billion invested in 549 deals (a 77% increase over 2020), driven in part by newly minted unicorns in the Seattle area.
Seattle NFT Museum to Open Jan. 14 in Belltown, Founded by Jennifer Wong and Peter Hamilton
The Seattle NFT Museum, founded by entrepreneurs Jennifer Wong and Peter Hamilton, opens Jan. 14 in Belltown as the Pacific Northwest's first museum devoted to NFTs, aiming to showcase digital artists and educate the public about the medium.
Deal mania reshuffles GeekWire 200: M&A, IPOs and SPACs push top firms out while Blue Origin stays No. 1
A surge of M&A, IPO and SPAC activity — labeled 'deal mania' — reshuffled the GeekWire 200 rankings, removing several top-10 companies that went public or were acquired and creating openings for new entrants; Blue Origin remains No. 1 while more deal-making and rule changes about private equity-owned companies promise further shake-ups.
OfferUp appoints Melinda Starbird as first chief people and diversity officer; Steve Hobbs named Washington secretary of state; Convoy engineering VP Tim Prouty moves to Headway
OfferUp named Melinda Starbird as its first chief people and diversity officer; she previously held senior HR roles at Auth0, Avanade, Whitepages and Hiya. The brief also reports Washington Gov. Inslee appointed State Senator Steve Hobbs as secretary of state effective Nov. 22, and Convoy VP of engineering Tim Prouty left to become VP of engineering at mental-health platform Headway.
Convoy appoints John Morrow as general counsel effective Nov. 1; ex-AWS VP Steven Shure joins Neeva as chief business officer
Convoy named John Morrow as general counsel effective Nov. 1, following multiple legal leadership departures in 2021; Morrow previously served at Apptio and Paymentus. Separately, former AWS VP Steven Shure joined ad-free search startup Neeva as chief business officer and will remain based in Seattle.
Mystery pivots from surprise dates to ‘morale as a service,’ selling virtual team events to Amazon, Microsoft, Starbucks and more
Mystery, a Seattle startup that began by organizing surprise date nights, pivoted during the COVID-19 pandemic to virtual events and now markets a B2B employee-engagement product it calls “morale as a service,” attracting clients like Amazon, Microsoft, Starbucks, Apple and Zillow. The company offers six categories of virtual experiences tailored to team types and says it has codified its event design into a tech-centric platform to deliver surprise-driven morale-boosting events.
Solo, founded by ex-Uber and Convoy vets, raises $5.5M seed to predict and guarantee gig workers' earnings
Seattle startup Solo, founded by ex-Uber and Convoy employees, raised a $5.5 million seed round to provide hour-by-hour earnings predictions and a guarantee to top up gig workers' pay if predictions fall short, with plans to expand into insurance, taxes, and mileage tracking.
Convoy signs 123,000 sq ft sublease at Russell Investments Center in Seattle, expanding from 73,000 sq ft
Seattle freight-startup Convoy signed a sublease for 123,000 sq ft across three floors at downtown’s Russell Investments Center, expanding from its current 73,000 sq ft Century Square HQ as it outlines a return-to-office plan amid broader Seattle downtown uncertainties.
Seattle startups raise record $3.1B in H1 2021, producing 12 local unicorns as Auth0 exits for $6.5B
Seattle-area startups raised a record $3.1 billion across 205 deals in H1 2021, driven by mega-rounds that produced at least 12 local unicorns and broader Pacific Northwest tech funding topping $5 billion. National VC activity and IPO/M&A dollar volumes are also surpassing prior records, with major exits like Auth0’s $6.5 billion acquisition by Okta highlighting regional maturation.
GeekWire 200 update: Remitly No. 3 as proposed IPO looms; Hootsuite debuts No. 6, Convoy rises to No. 7
GeekWire updated its GeekWire 200 list highlighting Pacific Northwest private tech startups amid record investment and M&A activity, with trends toward virtual experiences, at-home healthcare, remote education, and e-commerce. Notable rankings: Remitly at No. 3 (last valued $1.5B, proposed IPO), Hootsuite debuted at No. 6, Convoy rose to No. 7 (valued $2.75B in 2019), and Fabric jumped 26 spots to No. 95.
Seattle Tech CEOs — Icertis, Syndio, Qumulo, Remitly, Outreach, Convoy, Zenoti, Skilljar — Share First-Job Lessons That Shaped Their Careers
Seattle-area tech startup CEOs shared lessons from their first jobs—ranging from car washing to programming—highlighting practical skills, work ethic, and enduring lessons that shaped their leadership and product thinking.
Amazon Veteran Dorothy Li Named CTO of Convoy; Will Lead Engineering for Digital Freight Network
Dorothy Li, a 23-year Amazon veteran who helped launch products from Prime to Kindle, has been named CTO of Seattle-based trucking startup Convoy and will lead engineering for its digital freight network. Convoy, valued at $2.7 billion after a $400 million raise in November 2019, reports triple-digit year-over-year revenue growth and a network of over 67,000 carriers and 300,000 trucks.
Candidate launches out of beta, raises $4M seed to pay $2,400–$6,000 for referral hires
Seattle startup Candidate launched out of beta and closed a $4 million seed round to pay $2,400–$6,000 to external referrers who submit hired candidates, keeping roughly 20% as revenue. The platform lists roles in major cities and remote positions, aims to diversify hiring beyond internal referrals, and has attracted investors including Voyager and Revolution’s Rise of the Rest.
People
-
Grant Goodale Executive, Chief Experience Officer (stepped Down), Executive Officer, Director
