Convoy Stock: Funding and Valuation History

Logistics
By UpMarket Research  |  Last updated: July 2026
CEO Dan Lewis Founded 2015 HQ Seattle, US

Convoy was a Seattle-based digital freight platform that matched brokers and carriers to move truckload freight. It raised more than $1B before shutting down in 2023 after failing to find a buyer. The company was founded by Dan Lewis and focused on logistics automation for shippers and carriers.

UpMarket does not offer Convoy shares. This page covers Convoy's history before its assets were sold to Flexport.

Status
Assets sold
To Flexport, Nov 2023
Last Private Valuation
Not confirmed
Not confirmed by two independent reputable sources

How to Review Convoy's Funding History on UpMarket

Convoy wound down its business and sold its technology and team to Flexport in November 2023. UpMarket does not offer Convoy shares. This page covers Convoy's earlier valuation and funding history.

Step 01

Check the transaction details

Convoy sold its technology, patents and team to Flexport in November 2023.

Step 02

Review the valuation history

See how Convoy's private-market valuation changed across funding rounds before the sale.

Step 03

Review funding and revenue data

See reported funding rounds and revenue figures on this page, with their sources.

Step 04

Explore private companies

Accredited investors can review UpMarket's current pre-IPO offerings in companies that have not yet gone public.

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Valuation Growth Over Time

Post-money valuation by round
Previous rounds Most recent
DateRoundPPS (split-adj.)Valuation

Convoy Revenue and Growth

Annual revenue

Why Investors Are Watching Convoy

Competitive Moat

Alphabet’s CapitalG led Convoy’s $185M strategic round

CapitalG, Alphabet’s growth equity arm, led Convoy’s $185 million financing, signaling strong investor confidence in its tech-enabled trucking network. The round also included T. Rowe Price and Lone Pine Capital, alongside existing backers.

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Convoy Leadership Team

Dan Lewis
CEO
Grant Goodale
CTO

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Convoy Stock FAQ

No. Convoy wound down its business and sold its technology, patents and team to Flexport in November 2023. Convoy has no shares that trade, and UpMarket does not offer Convoy shares.

Convoy has no stock price. The prices shown on this page are historical private-market prices from before its assets were sold to Flexport.

No. Convoy no longer operates as an independent company and UpMarket does not offer Convoy shares. Accredited investors interested in companies that have not yet gone public can review UpMarket's current pre-IPO offerings.

Convoy is no longer an independent operating company, so its shares are not available to buy. This page is kept for its historical funding and valuation data. UpMarket does not offer Convoy shares.

In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.

Convoy sold its assets to Flexport in November 2023. What former shareholders received was set by the terms of that sale.

UpMarket does not offer Convoy shares. The minimum for most pre-IPO offerings on UpMarket is $50,000.

Convoy's last valuation was set by the sale of its assets to Flexport. The figures on this page show its valuation history before the sale.

Convoy was a Seattle-based digital freight platform that matched brokers and carriers to move truckload freight. It sold its assets to Flexport in Nov 2023. UpMarket does not offer its shares.

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