Convoy, trucking start-up founded by former Amazon exec, gets $400 million from investors including Al Gore

Convoy, trucking start-up founded by Amazon exec, gets $400 million from investors including Al Gore

Seattle-based startup Convoy uses a digital platform to match trucking companies with shippers.

Convoy, a Seattle-based trucking logistics start-up, has raised $400 million in a venture round co-led by Generation Investment Management, Al Gore's sustainable investment management firm. Amazon founder and CEO Jeff Bezos and Microsoft founder Bill Gates are among existing investors in Convoy, which made theDan Lewis, co-founder and CEO of trucking logistics start-up Convoy and a former Amazon executive, speaking at the CNBC Technology Executive Council summit it New York City on Oct. 29, 2019.

As competing companies enter this fleet management industry, like Uber Freight, Fleetio and Keep Trucking, Lewis sees an opportunity for consolidation and an increase in efficiency.

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