FarEye, an end-to-end, global delivery management platform, has announced a USD 100 million Series E round led by TCV and Dragoneer Investment Group.
Existing investors Eight Roads Ventures, Fundamentum and Honeywell also participated in the round. The funds will be used to accelerate the company’s mission of empowering brands to provide Amazon Prime-like delivery experiences and redefining how products are delivered across diverse logistics networks.
FarEye will further focus on expanding its software platform capabilities and drive European and North American expansion. As part of the transaction, Gopi Vaddi, General Partner at TCV, will join FarEye’s board of directors.
Indian logistics SaaS startup FarEye raises $100 million
FarEye, an Indian SaaS startup that helps firms globally optimize their supply chain and logistics operations, said on Tuesday it has raised a new financing round, its third since the pandemic broke last year, as it looks to further expand in international markets.
The Noida-headquartered startup has raised $100 million in its Series E round, which was co-led by high-profile backers TCV and Dragoneer Investment Group. Existing investors Eight Roads Ventures, Fundamentum, Honeywell also participated in the round, which takes seven-and-a-half-year-old startup’s to-date raise to about $153 million.
FarEye helps companies orchestrate, track, and optimize their logistics operations. The startup’s flagship logistics management software supports the entire supply chain from first-mile seller pick-ups to last-mile delivery to provide end-to-end logistics visibility, reduce operational costs and improve customer experience.
FarEye Announces $100 Million Series E Round Led by TCV and Dragoneer
New funding will accelerate innovation and global expansion for leading logistics management SaaS platform
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LONDON, May 25, 2021 /PRNewswire/
FarEye, a leading end-to-end, global delivery management platform, has announced a USD 100 million Series E round led by TCV and Dragoneer Investment Group. Existing investors Eight Roads Ventures, Fundamentum and Honeywell also participated in the round. The funds will be used to accelerate the company s mission of empowering brands to provide Amazon Prime-like delivery experiences and redefining how products are delivered across diverse logistics networks. FarEye will further focus on expanding its software platform capabilities, drive European and North American expansion, and continue to attract world-class talent. As part of the transaction, Gopi Vaddi, General Partner at TCV, will join FarEye s board of directors.