Austin-based Convey Raises $4.5 Million in Venture Capital
Summary
Convey, a Techstars Austin graduate, announced Wednesday it has raised $4.5 million in Series A funding. Rob Taylor is the CEO of Convey and Dan Bebout is the founder and vice president of customer experience. Taylor and Richter previously founded BlackLocus, a software as a service company aimed at data analysis for retailers, which Home Depot acquired in 2012. Convey reports its software saves retailers approximately 11 to 22 percent, on average, on freight costs and increases on-time delivery. Our research shows that 70 percent of consumers will abandon a retailer after a single bad delivery experience.
Funding
Amount
$4.5M
Total raised
Date
June 29, 2016
Announcement date
Investors
Techstars Ventures, Silverton Partners, Capital Factory, Albatross Investment, NextGen Venture Partners, Corsa Ventures
Lead investors
Company
http://www.getconvey.com
Funded company
Classifications
industries
Fintech & Banking
applications
AI & Machine learning
AskAI Classifications
Labels
Biotechnology
Synthetic Biology
Genomics Software
Linked Companies
Colossal Biosciences
up to $1M
Convey
$1M to $5M