Convoy
- 🦄Became a unicorn2018
- 📈Peak valuation$3.8 Billion ’22
- 💔Became a UnitardOct 2023
- 💸Last valuationWiped out
Total raised averaged per day over approximately 8.3 years from founding to bankruptcy or shutdown. This is not measured cash burn. Methodology
The rise & fall
7 moments · 2015–2023The key moments, with employee sentiment along the way.
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Convoy was a digital freight-brokerage platform matching shippers with truckers, which raised about $900M and peaked at a ~$3.8B valuation in 2022. A freight-market downturn, high costs, and an inability to secure new funding made the business unsustainable.
When it abruptly shut down in October 2023 — assets later sold to Flexport — staff who believed an acquisition was closing were terminated the same day with no severance.
Source: TechCrunch/NYT; raised $900M
Where they went
- Dan Lewisco-founder & CEOCEO & Co-Founder at Stealth Startup
- Grant Goodaleco-founder & CTO (stepped down 2023)Chief Product & Technology Officer (CPO/CTO) at Ryder System, Inc.
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
Disclosed investors (37)
Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.
* Lead in a funding round · Crunchbase ↗ · 2026-10-13 · Methodology · Leaderboard
