USA – Overhaul, an Austin, TX-based software-based supply-chain visibility, risk, compliance, and insurance solution for brands, raised $73m in growth funding.
The round included $38m in equity and $35m in non-dilutive debt. Growth equity investor Edison Partners led the investment with participation from strategic investors eGateway Capital, StepStone Group, and TRM Ventures, as well as previous investors Abbey International Finance, Avanta Ventures and Macquarie Capital. Stifel Bank provided the debt financing. The company will use the funding to expand globally, enhance products, and fund the recent acquisition of security services provider SensiGuard—a deal that firmly establishes Overhaul as the global leader in in-transit supply chain risk management. Led by Barry Conlon, CEO, and David Broe, COO, Overhaul provides a platform featuring visibility, risk, compliance, and insurance tools to help safeguard cargo and improve efficiencies. Its visibility, risk management and prevention capabilities give companies a real-time view into their supply chain so they can manage risk more effectively and reduce losses while improving overall performance. The company is expected to track more than $1 trillion in total moving cargo this year. Overhaul operates globally and has more than 600 employees.07/03/2023
