Convey, whose software platform helps online retailers manage shipping logistics, has raised $10 million to break into new markets.
The Austin-based company received the funding from Silverton Partners, Techstars Venture Capital Fund, RPM Ventures, NextGen and others.
The latest round brings the company’s total funding raised to $25.75 million.
Convey was founded in Phoenix in 2013 and moved to Austin a year later to take part in Techstars, a three-month accelerator program for startups.
After raising seed funding in 2014, the company recruited Austin software industry veteran Rob Taylor to become its CEO. Taylor previously led BlackLocus, which developed software to help retailers make data-driven pricing decisions. BlackLocus was acquired by Home Depot in 2012 for an undisclosed price.
Convey has focused on changing the way online retailers handle deliveries. Convey says its software makes it easier for customers to track orders and communicate with retailers, while providing retailers with information they need to solve potential problems before they happen.
Customers include Neiman Marcus, Ingram Micro, Jet.com and Build.com.
“Our focus is to help businesses create amazing delivery outcomes for their customers, regardless of how large or complex they might be,” Taylor said. “This latest funding will give us the resources and talent to continue expanding our capabilities beyond retail into (business-to-business), where companies face similar last-mile visibility and performance challenges.”
Convey plans to target health care, pharmaceuticals and construction materials.
Convey’s software will help companies in those industries connect the dots between customers, shippers and carriers to improve the delivery experience, Taylor said.
Logistics in the healthcare industry “can involve anything from medical devices to very large medical beds to large MRI machines,” he said. “There is so much complexity around delivery of these expensive, mission-critical, complicated deliveries, and that’s where we come in.”
Convey recently moved into a larger headquarters on East Sixth Street in downtown Austin and plans to double its 50-person workforce this year. It is currently hiring in areas including sales, marketing and engineering.
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