Altss Research / Venture case 04
Convoy
Convoy announced a $3.8bn private valuation with its April 2022 equity round. In November 2023, Flexport acquired its technology stack and said it would retain a small engineering and product group. Flexport explicitly excluded the company and its liabilities from the acquisition.
Altss Research · Evidence reviewed · Historical event record
Historical private valuation
$3.8bnCompany-announced private valuation accompanying Series E preferred-equity financing; pre/post-money not specified in the release.
Asset sale
Not disclosedTechnology acquired by Flexport. Acquisition of technology stack and retention of a small core product/engineering group, expressly excluding the company and its liabilities.
These figures have different valuation bases and dates. Their difference is not a measure of investor losses. Methodology ↗
The documented timeline
Private funding valuation disclosed
Company-announced private valuation accompanying Series E preferred-equity financing; pre/post-money not specified in the release.
Technology acquired by Flexport
Acquisition of technology stack and retention of a small core product/engineering group, expressly excluding the company and its liabilities.
Flexport announced sale of the Convoy Platform to DAT Freight & Analytics
A successor technology platform is distinct from the original corporate entity.
Source documents
Publication and access dates identify the evidence used for this case.
Convoy via Business Wire / Nasdaq · Primary source · Published Apr 21, 2022 · Accessed Oct 26, 2026
Flexport · Primary source · Published Nov 1, 2023 · Accessed Oct 26, 2026