FarEye Raises USD 37.5 Mn in Series D Funding.
FarEye, a leading logistics SaaS platform for predictive visibility, announced that it has raised an additional USD 13 million as an extension to its Series D investment led by The Fundamentum Partnership, the growth-capital fund for mid-stage technology companies in India backed by Nandan Nilekani and Sanjeev Aggarwal and KB Global Platform Fund, one of
FarEye, a leading logistics SaaS platform for predictive visibility, announced that it has raised an additional USD 13 million as an extension to its Series D investment led by The Fundamentum Partnership, the growth-capital fund for mid-stage technology companies in India backed by Nandan Nilekani and Sanjeev Aggarwal and KB Global Platform Fund, one of the leading investment firm of Korea. The investment will accelerate FarEye's global expansion to address the steepening digital curve for logistics transformation. “The support and trust of our investors, customers, and partners underpin our deep desire to make logistics better for brands, their customers, and the environment. We are seeing a surge in the need for real-time visibility in logistics for businesses to build customer-centric supply chains. With recently raised funds, we will continue to invest in the best talent in the Americas, Europe, and APAC to support our hyper-growth in these regions. With a vision to make FarEye one of the most customer-centric organizations globally, we aim to make every delivery delightful for the consumers.” said Kushal Nahata, CEO, FarEye.This is the second time this year that FarEye has been able to raise funds to support its hyper-growth in global markets, making it a total of USD 51 million investment so far.
Hits: 220
