Announced
Completed
Financials
Sources
Tags
Private Equity
Private
Payments / Commerce
payments network
United States
Venture Capital
Friendly
Completed
Acquisition
Domestic
Single Bidder
Minority
Synopsis
Insight Partners, an American venture capital and private equity firm, led a $125m Series B funding round in PayCargo, a freight payment platform. “Working with Insight Partners, we have doubled our team and developed new cutting-edge solutions as well as new partnerships, continuing to support the freight industry through this challenging last year. This next round of investment will ensure we continue to grow and expand into new markets with a focus on security and data protection, to fit every part of the supply chain,” Thomas Vieweg, PayCargo Global Chief Growth Officer.
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