Convoy was founded in 2015 by Grant Goodale and Dan Lewis. Convoy has not officially endorsed a plan to participate in an IPO.
Convoy is a digital freight operator that utilizes machine learning to streamline the shipment process for carriers. Per Forge data, Convoy raised $1.1 billion in funding over 10 rounds. Their latest funding was raised on Apr 21, 2022. Key investors include CapitalG, Greylock, Generation Investment Management, JP Morgan, and T. Rowe Price.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
04/21/2022 | Series E | $160MM | $xx.xx | $3.8B | Baillie Gifford, Park West, T. Rowe Price | |
Price per Share
$xx.xx
Shares Outstanding
9,698,204
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Baillie Gifford, Park West, T. Rowe Price
|
||||||
11/13/2019 | Series D-1 | $30MM | $xx.xx | $2.83B | Baillie Gifford, Capitalg, Durable Capital Partners, Fidelity Management, Generation Investment Management, Lone Pine Capital, T. Rowe Price | |
Price per Share
$xx.xx
Shares Outstanding
2,215,657
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Baillie Gifford, Capitalg, Durable Capital Partners, Fidelity Management, Generation Investment Management, Lone Pine Capital, T. Rowe Price
|
||||||
11/13/2019 | Series D | $388.76MM | $xx.xx | $2.83B | Baillie Gifford, Capitalg, Durable Capital Partners, Fidelity Management, Generation Investment Management, Lone Pine Capital, T. Rowe Price | |
Price per Share
$xx.xx
Shares Outstanding
28,711,644
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Baillie Gifford, Capitalg, Durable Capital Partners, Fidelity Management, Generation Investment Management, Lone Pine Capital, T. Rowe Price
|
||||||
09/28/2018 | Series C | $196.09MM | $xx.xx | $1.08B | Advisors.Fund, Capitalg, Greylock, Lone Pine Capital, Triplepoint Venture Growth, T. Rowe Price, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
27,616,400
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Advisors.Fund, Capitalg, Greylock, Lone Pine Capital, Triplepoint Venture Growth, T. Rowe Price, Y Combinator
|
||||||
07/25/2017 | Series B | $66.02MM | $xx.xx | $357.16MM | Bezos Expeditions, Cascade Investment, Greylock Partners, Marc Benioff, Mosaic Ventures, William Gates, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
21,594,216
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bezos Expeditions, Cascade Investment, Greylock Partners, Marc Benioff, Mosaic Ventures, William Gates, Y Combinator
|
||||||
03/22/2016 | Series A | $18.65MM | $xx.xx | $53.27MM | Allen & Company, Bezos Expeditions, Greylock Partners, Jeffrey Bezos, Marc Benioff, Omidyar Technology Ventures, Red Sea Ventures, Reid Hoffman | |
Price per Share
$xx.xx
Shares Outstanding
30,971,840
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Allen & Company, Bezos Expeditions, Greylock Partners, Jeffrey Bezos, Marc Benioff, Omidyar Technology Ventures, Red Sea Ventures, Reid Hoffman
|