Manifold Freight vs Convoy
Side-by-side comparison of AI visibility scores, market position, and capabilities
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.
About
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.
Convoy was the digital freight marketplace that reached $3.8B valuation before shutting down in October 2023; assets were acquired by Flexport as the US trucking industry's digital transformation continues.
About
Convoy was a Seattle-based digital freight network that operated an automated matching platform connecting shippers with trucking carriers, aiming to bring Uber-style efficiency to the highly fragmented US trucking industry. Founded in 2015 by Dan Lewis and Grant Goodale, Convoy raised over $900M from investors including Google, Jeff Bezos, and T. Rowe Price, reaching a peak valuation of $3.8 billion as it grew to handle hundreds of thousands of loads per month across a network of hundreds of thousands of trucks.
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