# Manifold Freight **Source:** https://geo.sig.ai/brands/manifold-freight **Vertical:** Logistics & Supply Chain **Subcategory:** General **Tier:** Emerging **Website:** manifoldfreight.com **Last Updated:** 2026-04-14 ## Summary Seattle spot freight marketplace for trucking carriers increasing load margins 30%; YC W24 $2.4M from ex-Convoy engineering leaders competing with DAT and Truckstop for asset-based carrier load matching and rate intelligence. ## Company Overview Manifold Freight is a Seattle-based spot freight marketplace for asset-based carriers — backed by Y Combinator (W24) with $2.4 million raised including a $1.9 million seed round in May 2024 from New Stack Ventures and Y Combinator — aggregating spot market load opportunities across freight broker networks and digital freight platforms to help trucking carriers find and win spot loads that increase their margins by 30% through better load matching, rate insights, and direct shipper connections. Founded in 2024 by Andrew Huff and Oliver Jones (former engineering leaders at Convoy, the AI freight network that reached $4 billion valuation before winding down in 2023), Manifold reached $5,100 in monthly revenue within just 2 months of launch, demonstrating rapid early product-market fit in the carrier-facing freight technology segment. Manifold's platform addresses the fundamental information asymmetry in the spot freight market: carriers (the trucking companies that own trucks and drive loads) are fragmented (90%+ of US carriers operate fewer than 10 trucks) while freight brokers are relatively consolidated (top 25 brokers control significant market volume) — this power imbalance historically enables brokers to capture 15-25% margins on loads while carriers operate on thin margins with frequent empty miles (deadhead). Manifold aggregates load boards, broker APIs, and shipper direct tender systems into a unified view, providing carriers with rate intelligence (what loads are paying in their current location for their destination) and automated bidding tools that reduce the manual effort of monitoring multiple platforms simultaneously. The Convoy pedigree (Huff and Jones built freight technology at one of the most well-funded logistics startups before Convoy's October 2023 closure) brings operational credibility to the carrier-facing platform. In 2025, Manifold competes in the carrier freight technology and load matching market with Truckstop (load board and carrier tools, $100M raised), DAT Solutions (industry-standard load board, ELD provider), and Trucker Tools (carrier visibility and load matching, $30M+ raised) for asset-based carrier technology adoption. Convoy's unexpected shutdown (despite $915M raised) created uncertainty in the AI freight market but also demonstrated the difficulty of building a scaled AI freight brokerage — carrier-facing tools rather than broker-facing platforms may represent more sustainable economics. Y Combinator W24 backing connects Manifold with the logistics technology investor community. New Stack Ventures' focus on enterprise and supply chain software aligns with Manifold's B2B carrier tooling positioning. The 2025 strategy focuses on growing the carrier adoption in the Pacific Northwest (Seattle proximity to major freight corridors), building the rate intelligence analytics for carrier yield management, and expanding the direct shipper tender integration for premium load access. ## Frequently Asked Questions ### What is Manifold Freight? Manifold Freight is a trucking logistics platform founded in 2024 that aggregates spot freight opportunities for carriers. The company was founded by former Convoy engineering leaders Andrew Huff and Oliver Jones and is part of Y Combinator's Winter 2024 batch. ### What services does Manifold Freight offer? Manifold Freight provides spot freight aggregation services that help carriers access freight opportunities from multiple sources. The platform uses data insights and integrations to increase carrier margins by 30% and improve win rates in the spot market. ### Who are Manifold Freight's target customers? Manifold Freight targets asset-based carriers who operate in the spot freight market. The platform helps these carriers access direct shipper freight and make more money through improved spot market opportunities. ### When was Manifold Freight founded? Manifold Freight was founded in 2024. The company participated in Y Combinator's Winter 2024 cohort. ### Where is Manifold Freight located? Manifold Freight is based in Seattle, Washington. ### How much funding has Manifold Freight raised? Manifold Freight has raised $2.4 million in total funding across 2 rounds. Their most recent seed round of $1.9 million was completed on May 20, 2024, led by New Stack Ventures and Y Combinator. ### What key achievements has Manifold Freight reached? Manifold Freight reached $5,100 in monthly revenue just 2 months after launch. The platform has helped carriers increase their margins by 30% and improve win rates in the spot freight market. ### What technology approach does Manifold Freight use? Manifold Freight uses data insights and integrations to aggregate spot freight opportunities from multiple sources. This approach provides carriers with better access to direct shipper freight and improved decision-making capabilities. ### Who founded Manifold Freight? Manifold Freight was founded by Andrew Huff and Oliver Jones, who are former engineering leaders at Convoy, a logistics company that reached a $4 billion valuation. ### What is the latest news about Manifold Freight? As of May 2024, Manifold Freight completed a $1.9 million seed round led by New Stack Ventures and Y Combinator. The company has achieved $5,100 in monthly revenue within 2 months of launching and is helping carriers increase margins by 30%. ## Tags b2b, saas, supply-chain, transportation --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*