Home Consumer debt Overhaul Secures $ 35 Million Series B Funding to Accelerate Growth

Overhaul Secures $ 35 Million Series B Funding to Accelerate Growth

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AUSTIN, Texas, June 8, 2021 / PRNewswire / – Revision, the industry’s first and only supply chain visibility, integrity and security software solution for the world’s largest brands, announced its $ 35 million Series B financing today. The current round is led by Macquarie Capital, with participation from Edison Partners and Avanta Ventures (venture capital arm of CSAA Insurance Group). Overhaul will use this investment to accelerate its roadmap by continuing to optimize its current category building products.

Founded in 2016, Overhaul has grown into a trusted supplier of supply chain technology to Fortune 100 companies that move freight globally for a variety of industries including pharmaceuticals and healthcare, technology, logistics and food and beverage, having covered billions of dollars in freight in recent years. In 2020, the company announced a $ 17.5 million Investing in Series A growth stocks, led by Edison Partners, which laid the groundwork to triple its success from the previous year, despite the pandemic. Combined with previous cycles, the funding led by Macquarie Capital Principal Finance brings the total funding of Overhaul to $ 55 million.

“The partnership with Macquarie Capital, a leading global investor and advisor, consolidates our position as a leader in supply chain technology solutions,” said Barry conlon, CEO and Founder of Overhaul. “Macquarie will allow us to significantly expand our global presence with an innovative partner who shares our vision for the digital transformation of the supply chain, which is precisely why we have chosen them as an investment partner. “

Focused on the innovation of a $ 19 billion Global supply chain market, Overhaul plans to optimize the supply chain industry with transformative software solutions that will deliver visibility and security in a post-pandemic era. The past year has brought a great deal of insight into the supply chain, including the need for organizations to establish and maintain effective and proactive risk management solutions as part of their resiliency and resilience toolkit. business agility. Most recently, Overhaul announced its new offering, “TruckShield ™“, a leading-edge risk management technology solution for North American motor carriers that uses existing fleet hardware to identify unsafe or illegal driving practices in real time, while implementing corrective actions to avoid situations expensive.

“Overhaul’s ability to create full visibility, security and connectivity in the supply chain marketplace is truly differentiated and is positioning itself to digitize what has always been a physically documented space,” said Jared doskow, Managing Director of Macquarie Capital Principal Finance, who joined Overhaul’s board of directors in connection with the investment. “We are proud to work with Barry and his team and believe Macquarie can help accelerate the growth of Overhaul by leveraging our global experience and relationships in supply chain technology and related areas. “

Over the next few months, the company will expand its global team with many key hires in its software development, product, sales, marketing and talent development teams, across United States, Mexico, and Ireland, while continuing to innovate on its two flagship products: Review Sentinel ™ and TruckShield.

About the revision:
Founded in 2016 and based in Austin, Texas, Overhaul is the industry’s first and only end-to-end holistic solution that optimizes supply chain visibility, integrity and security for global businesses. Its software approach delivers high configurability and an efficient time to value for supply chain organizations without the heavy technological debt found with hardware vendors. Additionally, Overhaul’s team of logistics experts partner with every customer to create a fully customized and comprehensive solution for the entire supply chain, not just parts of it. As such, Overhaul has quickly become a trusted supplier to Fortune 100 companies transporting goods globally in industries such as pharmaceuticals and healthcare, technology, logistics and food. and drinks. Customers include Microsoft, Bristol Myers Squib, Gordon Food Service, and many more. For more information visit over-haul.com and the Review blog, and follow them on LinkedIn, Twitter, and Facebook.

About Macquarie Capital:
Macquarie Capital is the advisory, capital markets and principal investment arm of the Macquarie Group. Our capabilities encompass corporate advisory and a full range of capital solutions, including capital raising services in equity, debt and private equity markets and major Macquarie own balance sheet investments. These offers are reinforced by our in-depth sector expertise in: aerospace, defense and government services, consumer, games and leisure, financial institutions, health, industry, infrastructure and energy, real estate, resources, services, technology and telecommunications and media. Macquarie Capital Principal Finance, the principal investment arm of Macquarie Capital Advisory and Capital Solutions, provides flexible primary finance and secondary market investment solutions for corporate and commercial real estate clients across North America, Europe and Australasia. Since 2009, the company has invested more than $ 35 billion on more than 580 investments. For more information visit: https://www.macquarie.com/au/en/about/company/macquarie-capital/advisory-and-capital-solutions.html

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