Former Convoy CEO Dan Lewis Launches Stealth Startup Focused on AI Infrastructure and Supply Chain Intelligence
Dan Lewis, former CEO of Convoy, has launched a stealth startup aimed at developing AI infrastructure and enhancing supply chain intelligence.
Flexport Sells Convoy Technology to DAT Freight & Analytics for Approximately $250 Million in 2024
Flexport announced it is selling Convoy's freight marketplace technology to DAT Freight & Analytics for around $250 million, after acquiring Convoy in 2022 following its shutdown. DAT, part of Roper Technologies, will operate the marketplace, expanding its freight-matching network in North America.
Convoy Co-Founder Grant Goodale Joins Ryder as Chief Product and Technology Officer
Grant Goodale, co-founder and former CTO of Convoy, has joined Ryder as chief product and technology officer, marking his return to the trucking industry. Additionally, Seattle startups Shipium and Graham & Walker announced key leadership hires with Geoff Tamman named CFO and Ryan Hughes as chief of staff, respectively.
Seattle Emerges as Leading Hub for Supply Chain Software Startups Backed by Amazon and Convoy Veterans
Seattle has become a leading hub for supply chain software innovation, driven by logistics giants like Amazon and startups such as Convoy and Shipium. The region's unique talent pool, supported by global companies and advances in technology, is fostering significant growth and investment in logistics startups.
Flexport Relaunches Convoy Trucking Marketplace After Acquiring Technology Post-Startup Shutdown
Flexport has relaunched the Convoy digital trucking marketplace after acquiring Convoy's technology and some employees following the startup's shutdown. The relaunch quickly attracted major customers, dispatching nearly 200 truckloads on its first day.
Flexport Acquires Convoy’s Technology and CEO Dan Lewis After Convoy’s Sudden Shutdown
Freight company Flexport acquired Convoy's technology and some employees, including CEO Dan Lewis, after Convoy abruptly shut down, citing a modest purchase price. Convoy, once valued at $3.8 billion, collapsed due to market challenges and exhausted strategic options despite significant funding.
Convoy CEO Dan Lewis Seeks Deal to Preserve Team and Tech After Shutdown and 533 Layoffs
Convoy CEO Dan Lewis is working on a deal that may retain some of the company’s technology and team following the shutdown and layoffs of 533 employees amid a freight recession and poor investor interest. The Seattle startup, once valued at $3.8 billion and having raised $260 million, could not finalize a strategic deal and has ceased operations.
Convoy CEO Dan Lewis Discloses Near-M&A Deals Before Trucking Startup's Shutdown Amid Freight Recession
Convoy CEO Dan Lewis revealed on LinkedIn that the company reached advanced stages of two potential M&A deals before shutting down amid a prolonged freight recession and declined investor interest. The Seattle-based trucking startup, which had about 500 employees before the shutdown, had raised $260 million at a $3.8 billion valuation 18 months earlier.
Seattle Trucking Startup Convoy Shutters After 8 Years Amid Freight Recession, Lenders Pull Funding
Convoy, a Seattle-based digital trucking marketplace co-founded by CEO Dan Lewis, abruptly shut down after eight years due to a freight recession and lack of funding, leading to layoffs without severance. Executives expressed shock and grief during a company-wide video call, explaining that they exhausted all options to save the company but lenders withdrew the final funds.
Seattle Trucking Marketplace Convoy Pauses Shipments and Considers Sale Amid Market Recession
Seattle-based trucking startup Convoy has paused shipments and is reportedly winding down operations amid a freight market recession and financial struggles, with layoffs and potential sale talks ongoing. The company, valued at $3.8 billion last year, faces stiff competition and market headwinds, and plans to share more details on its transition later this week.
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.
Convoy CEO Dan Lewis Shares Leadership Insights as Startup Raises $260M at $3.8B Valuation Amid Layoffs
Convoy CEO Dan Lewis discussed his leadership philosophy emphasizing conviction and consistency at GeekWire’s Views and Brews event while highlighting the company's growth, funding, and recent layoffs amid economic challenges. Founded in 2015, Convoy automates trucking transactions and recently raised $260 million at a $3.8 billion valuation.
Seattle Trucking Startup Convoy Lays Off Staff for Third Time and Closes Atlanta Office Amid Automation Shift
Seattle trucking startup Convoy conducted its third round of layoffs within a year and announced the closure of its Atlanta office as part of a shift to automate customer service and improve efficiency. Despite previously raising $260 million at a $3.8 billion valuation and employing over 1,000 people, the company is reducing staff to speed its path to profitability amid broader industry challenges.
Seattle Trucking Startup Convoy Conducts New Layoffs Amid Economic Pressures Following $260M Funding
Seattle-based trucking startup Convoy has conducted another round of layoffs amid economic uncertainty and supply chain challenges, following a 7% workforce reduction earlier this year after raising $260 million at a $3.8 billion valuation.
GeekWire updates Seattle list as Highspot raises $248M at $3.5B; SeekOut and Icertis added to 16 local unicorns
GeekWire updated its list of Seattle-area 'unicorn' startups (privately held companies valued at $1B+) after additions and a valuation change for Icertis, noting recent entrants like SeekOut and Highspot, which raised $248 million at a $3.5 billion valuation. The article highlights that the Seattle cohort includes 16 unicorns, none led by a female or Black CEO, and that many CEOs have Microsoft backgrounds amid a global surge in unicorns and venture funding.
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.
Former Expedia CEO Mark Okerstrom named president and COO of Convoy as startup tops 1,000 employees
Former Expedia CEO Mark Okerstrom joins Seattle digital freight startup Convoy as president and COO to oversee finance, operations, marketing and marketplace growth as the company surpasses 1,000 employees and a $2.7B valuation.
Convoy leans on technology to navigate COVID-19 surge after $400M raise at $2.7B valuation
Seattle digital freight startup Convoy experienced record activity on its network as COVID-19 increased demand for essentials, and CEO Dan Lewis says the company’s efficiency-focused technology helps it navigate a volatile, recessionary period. Convoy remains a Seattle unicorn after raising $400 million at a $2.7 billion valuation in September and continues serving major shippers like Anheuser-Busch, Home Depot, and Procter & Gamble.
Organizations
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Convoy Chief Experience Officer (stepped Down), Executive Officer, Director 2018 · current
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Ryder Chief Product and Technology Officer · current
