Overhaul, an Austin, Texas-based software-based supply-chain visibility, risk, compliance, and insurance solution for the world's leading brands, announced $73 million in new growth capital, including $38 million in equity and $35 million in non-dilutive debt.
Growth equity investor Edison Partners led the investment, with participation from strategic investors eGateway Capital, StepStone Group, and TRM Ventures. Stifel Bank provided the debt financing. Previous investors Abbey International Finance, Avanta Ventures, and Macquarie Capital also participated in the round.
The funds will be used 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.
"This latest growth financing positions Overhaul to be a front runner as a profitable business in real-time visibility and risk management with a fraction of capital but at a similar scale to unicorns in the space," said Barry Conlon, CEO and Founder of Overhaul. "The funding is also a validation of Overhaul's commitment to transforming supply chain visibility and risk management and our strategy in the fluctuating LogTech market."
Overhaul's visibility, risk management, and prevention capabilities give companies a real-time view of their supply chain so they can manage risk more effectively and reduce losses while improving overall performance.
In 2022, Overhaul was recognized as an Austin Inno Top Workplace, Inc. 5000 Fastest-Growing Private Company, Deloitte Technology Fast 500, G2 Supply Chain Visibility Grid, and as a Challenger on the Gartner Magic Quadrant for Real-Time Transportation Visibility Platforms.
Overhaul is expected to track more than $1 trillion in total moving cargo this year. Overhaul operates globally and has more than 600 employees.
Company: Overhaul, Inc.
Round: Growth Capital
Funding Month: March 2023
Lead Investors: Edison Partners, Stifel Bank
Additional Investors: eGateway Capital, StepStone Group, TRM Ventures, Abbey International Finance, Avanta Ventures, and Macquarie Capital
Company Website: https://over-haul.com/
Software Category: Supply Chain Visibility and Risk Management Software
About the Company: Founded in 2016, Overhaul is a device-agnostic supply chain visibility and risk management software company. It transforms real-time visibility into risk management, compliance, and insurance solutions for its partners. Its software-based approach offers high configurability and an efficient time-to-value to supply-chain organizations without heavy tech. Overhaul is a provider for Fortune 100 companies moving freight globally across industries, such as pharmaceutical and healthcare, technology, logistics, and food and beverage. Customers include Microsoft, Bristol Myers Squibb, and many others.