Convoy, a Seattle, WA-based on-demand service for local and regional trucking, secured $16m in Series A funding.
The round was led by Greylock Partners with participation from new investors Jeff Wilke, Kevin Systrom, Gary Chartrand, and Mike Gamson and seed investors. In conjunction with the funding, Reid Hoffman and Simon Rothman from Greylock Partners and Code.org co-founder Hadi Partovi joined the board.
The company will use the funds to accelerate development of its technology and expand its presence into additional regions following the entry into Oregon.
Led by co-founder and CEO Dan Lewis, Convoy provides shippers with a platform to connect with nearby trucking companies and book jobs instantly. The service allows companies to track their shipments in real time, increasing visibility for shippers and streamlining communication.
Carriers receive notifications of jobs on their phones, which allows them to expand their business with work that matches their equipment and location.