Twitter LinkedIn
    Saturday, February 4
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Funds»Macquarie leads USD35m Series B funding round in Overhaul
    Funds

    Macquarie leads USD35m Series B funding round in Overhaul

    June 8, 20212 Mins Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Overhaul, the industry’s first and only software-based, supply-chain visibility, integrity, and security solution for the world’s leading brands, announced its USD35 million Series B funding today. The current round is led by Macquarie Capital, with participation from Edison Partners and Avanta Ventures (venture arm of CSAA Insurance Group). Overhaul will use the investment to accelerate its roadmap in continuing to optmise its current category-creating products.

    Founded in 2016, Overhaul has grown to be a trusted provider of supply-chain technology for Fortune 100 companies that move freight globally for various industries, including pharmaceutical and healthcare, technology, logistics, and food and beverage, having covered billions of dollars in cargo in the last few years. In 2020, the company announced a USD17.5 million Series A growth equity investment, led by Edison Partners, which laid the groundwork to triple its success from the previous year, despite the pandemic. Combined with earlier rounds, the funding led by Macquarie Capital Principal Finance brings Overhaul’s total funding to USD64 million.

    “Partnering with Macquarie Capital — a world-leading principal investor and advisor — solidifies our position as a leader in supply-chain technology solutions,” says Barry Conlon, CEO and founder of Overhaul. “Macquarie will enable us to significantly grow our global footprint with an innovative partner who shares our vision for supply-chain digital transformation, which is precisely why we chose them as our investment partner.”

    Focused on innovating a USD19 billion global supply-chain market, Overhaul plans to optimise the supply-chain industry with transformative software solutions that will provide visibility and security in a post-pandemic era. The last year has brought many insights to the supply chain, most importantly, showcasing a need for organisations to establish and maintain effective and proactive risk-management solutions as part of their business resiliency and agility toolkit. Most recently, Overhaul announced its newest offering, “TruckShield”, a market-leading, risk-management technology solution for North American motor carriers that uses existing fleet hardware to identify dangerous or illegal driving practices in real time, while implementing corrective actions to avoid costly situations.

    Read more/Source: Private Equity Wire

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Fundraising funds PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Carlyle targeting $1.6B for second renewables fund

    November 18, 2022

    Comments are closed.

    Other Articles

    Monroe Capital closes on $4.8bn of direct lending funds

    April 27, 2022

    Abu Dhabi Private Equity Firm Gulf Capital Buys Two U.S. Healthtech Companies

    March 24, 2021

    Aiven achieves $2bn unicorn valuation with Series C extension

    October 26, 2021

    Venture capital deals in India more than double to $14.4 bn

    October 26, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?