A supply chain visibility and communication company has secured $8.25 million in Series B funding from Techstars Venture Capital Fund, RPM Ventures, and other investors in a round of funding just announced. The new investments bring the total funding to $15.75 million for Convey, which describes itself as a “customer-centric delivery platform.”
Austin, TX-based Convey said it will use the money to pursue new verticals beyond its retail base. Current customers include Build.com, BuildDirect, Power Equipment Direct, ShoppersChoice.com, Vitalize and Jet.com, which was purchased last year by Walmart to power its e-commerce needs.
“Our early momentum in 2017 is a direct result of the shifting tide in today’s supply chain operations – from a core focus on cost efficiency to customer-centric decisions designed to create better outcomes,” said Rob Taylor, CEO of Convey. “This latest funding will allow us to pursue new opportunities that help the world’s largest retailers, manufacturers and 3PLs reinvent and grow their businesses.”
The company has been reaching out to new markets, recently signing an agreement with Ingram Micro Commerce & Fulfillment, a global commerce and logistics provider, to integrate its Convey Engage and Convey Initiate products with Ingram Micro Commerce & Fulfillment’s First and Final Mile solution.
Read more about Convey’s funding and plans for new verticals here.