TCV and Dragoneer led a $100m Series E funding round in FarEye.

Private equity companies TCV and Dragoneer led a $100m Series E funding round in FarEye, a global delivery management platform. Additional investors include Eight Roads Ventures, Fundamentum and Honeywell. "The funding is very timely for the delivery and logistics sector as we have seen consumers spending $861bn online with US retailers in 2020, up 44% from $598bn in 2019. The growth and the digital transformation in the logistics sector has created an opportunity for software platforms like FarEye to provide a superior customer experience. Our ambition is to enable thousands of businesses to provide Amazon-Prime-like delivery experience, and we aim to drive innovations that re-imagine how deliveries are being managed globally," Kushal Nahata, FarEye CEO and Co-Founder.