TrueNorth vs Convoy
Side-by-side comparison of AI visibility scores, market position, and capabilities
Dallas trucking OS for owner-operators at $72.2M total ($50M Series B Dec 2021 Lachy Groom/Altman brothers); 3.4x revenue growth before raise with $30K-$50K annual value per driver through load booking, fuel cards, invoicing, and DOT compliance.
About
TrueNorth is a Dallas, Texas-based technology platform for independent owner-operator truck drivers — backed with $72.2 million in total funding including a $50 million Series B in December 2021 led by Lachy Groom and the Altman brothers (Sam, Max, and Jack Altman) with participation from 137 Ventures, Fifth Down Capital, Flexport, and K5 Global — providing self-employed truckers with an all-in-one platform for load booking, route optimization, invoicing, fleet fuel cards, and DOT regulatory compliance that enables owner-operators to manage their entire trucking business from their phone. Founded with primary operations initially in Dallas and Atlanta, TrueNorth experienced 3.4x revenue growth in the six months preceding the Series B, with participating drivers earning $30,000-$50,000 in additional net revenue per year per trucker through the platform.
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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