FourKites, a Chicago, IL-based real-time supply chain visibility platform, raised $100m in Series D financing.
The growth financing, which brought the total capital raised to over $200m, was led by Thomas H. Lee Partners, with participation from Qualcomm Ventures, Volvo Group Venture Capital AB and Zebra Technologies, as well as existing investors August Capital, CEAS Investments, Hyde Park Angels, Hyde Park Venture Partners and Bain Capital Ventures. In conjunction with the funding, THL Managing Director Mike Kaczmarek, will join the FourKites Board of Directors.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Mathew Elenjickal, founder and CEO, FourKites provides a supply chain visibility platform extending visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 1 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching 176 countries, FourKites combines real-time data and machine learning to help companies digitize their end-to-end supply chains. More than 500 of the world’s most recognized brands use FourKites to transform their business and create more agile, efficient and sustainable supply chains.
FinSMEs
25/03/2021