Convoy, built by Frain Technologies, is an open-source, cloud-native webhooks gateway that lets engineering teams securely ingest, persist, debug, deliver and manage millions of webhook events with retries, rate limiting, static IPs and rolling secrets. Written in Go, it offers an open-source core, an Enterprise Edition, and Convoy Cloud SaaS. It is a Y Combinator-backed company with Nigerian founding roots.
Convoy has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2021
Employees
11–50
Total Funding
$473K
7 rounds
Latest Valuation
$3.8B
April 21, 2022
Total raised $473K across 7 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-10-2026
Latest Round
Type
Series E
Date
April 21, 2022
Amount
$160M
Valuation
$3.8B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| April 21, 2022 | Series E | $160M | $3.8B | Baillie Gifford, T. Rowe Price |
| April 21, 2022 | Series E (venture debt) | $100M | — | Hercules Capital |
| November 13, 2019 | Series D | $400M | $2.75B | T. Rowe Price, Generation Investment Management |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Series C
$1B
Sep 2018
Convoy today
$3.8B
Apr 2022 · latest mark
Convoy multiple
3.8x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Subomi Oluwalana
Co-founder & CEO
Emmanuel Aina
Co-founder & COO
Raymond Tukpe
Co-founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Flexport
Global freight forwarder and digital logistics platform. Acquired Convoy's technology assets and relaunched as Convoy Platform in February 2024.
DAT Solutions
Load board and freight matching technology provider. Acquired Convoy Platform from Flexport in July 2025.
Uber Freight
Digital freight marketplace operated by Uber. Competitor in digital freight brokerage space.
Amazon Logistics
Amazon's logistics and delivery network. Major competitor in freight and logistics technology.
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