Convoy Raises $260M in Series E

Convoy has successfully raised $260M in a Series E at a $3.8B valuation led by T. Rowe Price, Fidelity, CapitalG, Jeff Bezos.

Company Overview

Convoy is a Logistics company headquartered in Seattle, WA, founded in 2015 with 1500+ employees.

Digital freight network connecting shippers and carriers

Fundraising Details

• Amount Raised: $260M
• Round Type: Series E
• Valuation: $3.8B
• Date: 2025-10-16
• Investors: T. Rowe Price, Fidelity, CapitalG, Jeff Bezos

About Convoy

Digital freight network connecting shippers and carriers The company is positioned in the Logistics sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Seattle, WA
• Founded: 2015
• Team Size: 1500+
• Industry: Logistics

What This Means

This funding round demonstrates strong investor confidence in Convoy's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Logistics sector continues to attract significant investment as companies innovate to meet evolving market demands. Convoy's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $3.8B valuation marks an important milestone for Convoy, positioning the company among notable players in the Logistics industry.

Looking Ahead

With this new capital, Convoy is well-positioned to execute on its growth strategy and continue building innovative solutions in the Logistics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2025-10-16. For more information about Convoy, visit their headquarters at Seattle, WA.