Announced
Completed
Financials
Tags
Online and Social Platforms
United States
Acquisition
Venture Capital
management platform
Private
Friendly
Cross Border
Minority
Private Equity
Completed
Synopsis
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.
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