KlearNow, a Santa Clara, Calif.-based smart Logistics as a Service (LaaS) company, raised $50 million in Series B funding.
The round was led by Kayne Partners Fund, the growth private equity group of Kayne Anderson Capital Advisors, with participation from existing investors GreatPoint Ventures, Argean Capital, and Autotech Ventures, and new backer Activate Capital.
The company intends to use the funds to accelerate its technology development and deployment, geographical expansion, and talent investments.
Company: KlearNow
Raised: $50.0M
Round: Series B
Funding Month: December 2021
Lead Investors: Kayne Partners Fund
Additional Investors: GreatPoint Ventures, Argean Capital, Autotech Ventures, and Activate Capital.
Company Website: https://www.klearnow.com/
Software Category: Logistics as a Service (LaaS) platform
About the Company: Founded in 2018 by Sam Tyagi, CEO, KlearNow provides a smart Logistics as a Service (LaaS) platform that connects data, people, processes, and organizations to enable new levels of visibility and productivity that reduce logistics costs and create better customer experiences. The AI-powered platform eases import/export burdens by digitizing and streamlining complex paper-based logistics processes—reducing manual entry times and human errors. KlearNow recently added a drayage marketplace to its smart LaaS platform to support drayage companies facing planning and scheduling challenges and importers demanding extended visibility.
Source: https://www.finsmes.com/2021/12/klearnow-raises-50m-in-series-b-funding.html