Overhaul, an Austin-based company that provides supply chain technology, on June 8 announced it raised $35 million Series B funding to continue its growth.
In 2020, the company announced a $17.5 million Series A growth equity investment, led by Princeton-based Edison Partners, which laid the groundwork to triple its success from the previous year, despite the pandemic.
The current round is led by Macquarie Capital, with participation from Edison Partners and Avanta Ventures (the venture arm of CSAA Insurance Group). Overhaul will use the investment to accelerate its roadmap in continuing to optimize its current category-creating products.
Overhaul has raised a total of $55 million since its founding in 2016, according to the company.
“Partnering with Macquarie Capital — a world-leading principal investor and advisor — solidifies our position as a leader in supply chain technology solutions,” said Barry Conlon, chief executive officer 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 $19 billion global supply-chain market, Overhaul plans to optimize 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 organizations to establish and maintain effective and proactive risk-management solutions as part of their business resiliency and agility toolkit.
Overhaul’s platform is used to monitor cargo in real-time. The company’s technology is used by Fortune 100 companies in the pharmaceutical, high-tech and food industries.
Edison Partners has financed and guided more than 245 companies, with its current enterprise solutions portfolio including Anons, All Traffic Solutions, Blue Medora, Bricata, Emplify, ExecVision, Giant Oak, Jornaya, Northpass, NS8, PathFactory, Predata, Suuchi, TripleLift, Terminus, and Zagster. Notable exits in the sector include Archive Systems, Billtrust, eSentire, ItemMaster, InSoft, Kemp, Logfire, Notable Solutions, Operative, Tangoe, Telarix, Virtual Edge, and VFA.
