Not sure of spread, but here's an analogy using Uber Freight's figures from Q1 22:
Revenue of $1.8 billion: Q1 2022 was the first full quarter of combined Uber Freight and Transplace performance. Freight Revenue grew 69% QoQ and 506% YoY.
Adjusted EBITDA of $2 million: Freight Adjusted EBITDA grew $27 million QoQ and $31 million YoY, reaching profitability for the first time. Freight Adjusted EBITDA margin as a percentage of Gross Bookings improved 9.7 percentage points YoY to 0.1% driven by increased marketplace efficiency and density of our digital platform, continued automation of the load life cycle, and positive contributions from Transplace. We believe Freight is well on-track to achieve the net run-rate synergies of $40M+ expected to be realized 12-24 months from the closing of Transplace.
Jeremy Burton
(core team)
CEO | Founder | Managing Partner @ Platform Venture Studio
More layoffs at Convoy:
https://www.geekwire.com/2022/convoy-lays-off-more-employees-as-part-of-reorganization-at-seattle-trucking-startup/
CEO | Founder | Managing Partner @ Platform Venture Studio
$930M raised. https://www.crunchbase.com/organization/convoy-3/company_financials
Founder, MD @ PivotNorth Capital
wonder what revenue is.
CEO @ EsoTrans
Some reports of $750M in '21 and likely to exceed $1B in '22. Some other details here: https://www.geekwire.com/2022/convoy-valued-at-3-8b-after-raising-260m-to-hit-the-gas-on-digital-freight-marketplace/
Founder, MD @ PivotNorth Capital
thanks. assume that is gmv? what is their commission rate on gmv?
CEO @ EsoTrans
Not sure of spread, but here's an analogy using Uber Freight's figures from Q1 22:
https://investor.uber.com/news-events/news/press-release-details/2022/Uber-Announces-Results-for-First-Quarter-2022/