News Article

Austin logistics startup Convey lands millions to break into new markets

The company, which makes software to help online retailers with shipping logistics, will pursue markets including construction and medical devices.

Austin-based Convey, which makes software to help online retailers with shipping logistics, has raised $8.25 million to break into new markets.

Convey received the funding from Techstars Venture Capital Fund, RPM Ventures and other investors. The latest round brings the company’s total funding to $15.75 million.

The company has focused on changing the way online retailers handle deliveries. It says its software makes it easier for customers to track orders and communicate with retailers, while providing retailers with information they need to solve potential problems before they happen.

Convey does not disclose financial information, but said it has already exceeded total bookings from 2016, representing a 340 percent year-over-year increase to date.

Customers include  Build.com, BuildDirect, Power Equipment Direct and ShoppersChoice.com.

Now Convey is ready to break into new markets beyond retail, including construction and building materials, medical devices and pharmaceuticals.

Read the story here.