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Announced

Completed

Insight Partners led a $125m Series B funding round in PayCargo.

Financials

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Transaction Value£88m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Private

Payments / Commerce

payments network

United States

Venture Capital

Friendly

Completed

Acquisition

Domestic

Single Bidder

Minority

Synopsis

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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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