Convey, an Austin, Texas-based provider of cloud-based technology that helps shippers connect disparate data and processes to improve the last mile customer experience, announced this week that it has received an additional $10 million in venture capital funding, which brings its total raised capital to $25.75 million.
“Our focus is to help businesses create amazing delivery outcomes for their customers, regardless of how large or complex a delivery might be.” -Rob Taylor, CEO of Convey
The company said that the lead investors for this round of funding are Silverton Partners, Techstars Venture Capital Fund, RPM Ventures, and NextGen, among others.
Company officials said that this investment will go towards expanding the company’s product portfolio capabilities as well as adding personnel for sales engineering, and client success.
“Our focus is to help businesses create amazing delivery outcomes for their customers, regardless of how large or complex a delivery might be,” said Rob Taylor, CEO of Convey, in a statement. “This latest funding will give us the resources and talent to continue expanding our capabilities beyond retail into B2B, where companies face similar last-mile visibility and performance challenges, and customers have equally heightened expectations.”
A company spokesman told Logistics Management that acceleration in retail is a major theme for the company going forward, explaining that Convey has seen continued momentum and interest in retail.
“Our strength in large/bulk for our clients has translated into additional success in their parcel business, allowing us to support them across all final mile use cases,” he said. “This is powering big wins with large strategic brands as well as new wins with smaller, parcel-only retailers. This funding allows us to double down in this sector.”
Read more here. This article was originally published by Jeff Berman for “Logistics Management” on 6/20/18.