What is Convey?
Founded in 2013 and headquartered in Austin, Texas, Convey operates within the supply chain management technology space. The company specializes in advanced solutions including predictive pre-purchase delivery date forecasting, intelligent outcome-based execution, shopper communication, exception management, and comprehensive transportation analysis. Convey's focus on optimizing the complexities of modern logistics positions it as a key player in enhancing supply chain efficiency and transparency for businesses.
How much funding has Convey raised?
Convey has raised a total of $18.3M across 4 funding rounds:
Angel/Seed
$2.8M
Series A
$4.5M
Series B
$10M
Debt
$1M
Angel/Seed (2014): $2.8M with participation from Silverton Partners and Capital Factory companies
Series A (2016): $4.5M led by Silverton Partners, Capital Factory companies, and Corsa Ventures
Series B (2018): $10M, investors not publicly disclosed
Debt (2020): $1M featuring PPP
Key Investors in Convey
Silverton Partners
Silverton Partners is a leading early-stage venture capital firm based in Austin, Texas, specializing in investing in companies that leverage technology to create significant barriers to entry. With over 75 portfolio companies, 30+ acquisitions, and 4 IPOs, they are recognized as the most active venture capital firm in Texas. Their focus is on partnering with bold entrepreneurs and providing long-term support to help build tomorrow's best companies today. Silverton manages over $883 million in assets across 7 funds, emphasizing value addition and trust in their partnerships.
Capital Factory companies
Capital Factory serves as a hub for entrepreneurs, programmers, and designers, providing resources, networks, and support to help startups thrive. With locations in major Texas cities and Washington, DC, it connects innovators with investors, employees, and customers. The company has been recognized as the most active investor in Texas since 2010, fostering a vibrant community for both seasoned and first-time entrepreneurs. Capital Factory also offers coworking spaces and events to facilitate connections among startups, corporations, and government agencies.
Corsa Ventures
Corsa Ventures is an early-stage venture capital firm based in Austin, Texas, focusing on investment opportunities in technology and consumer companies across the US. The firm leverages deep operational experience and extensive global networks to support talented partners in creating innovative companies. Corsa Ventures is particularly interested in businesses that utilize software, social networks, and cloud data services.
What's next for Convey?
The substantial enterprise-level funding and recent strategic investment indicate Convey is poised for significant scaling and further innovation. This capital infusion is likely to fuel advancements in its predictive analytics and execution platforms, potentially expanding its market reach and enhancing its competitive edge. Convey's trajectory suggests a focus on solidifying its position as a leader in supply chain technology, with future developments aimed at addressing evolving e-commerce and logistics demands.
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