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Supply Chain Software Startup Overhaul Raises $73M in Late-Stage Funding

Supply Chain Software Startup Overhaul Raises $73M in Late-Stage Funding

Overhaul, an Austin-based Irish-founded startup that makes supply chain and risk management software, has secured $73 million in late-stage funding.

The capital comprises $38 million in equity from lead investor Edison Partners with participation from eGateway Capital, StepStone Group and TRM Ventures, and $35 million in non-dilutive debt from Stifel Bank. Previous investors Abbey International Finance, Avanta Ventures and Macquarie Capital also participated in the funding.

Overhaul will use the new capital to expand globally, enhance products and fund the recent acquisition of security services provider SensiGuard from Sensitech, a Boston-based global solutions provider for supply chain risks, as well as temperature-control monitoring of shipments.

The SensiGuard acquisition added more than 350 of the company’s employees to its operation. The deal also meant Overhaul was able to expand its footprint into more countries.

“This latest growth financing positions Overhaul to be a front runner as a profitable business in real-time visibility and risk management with a fraction of capital but at a similar scale to unicorns in the space,” said Barry Conlon, CEO and Founder of Overhaul.

Clients including Microsoft and Bristol Myers Squib are given a real-time view of their supply chain so they can manage risk more effectively and reduce losses while improving overall performance.

Overhaul is expected to track more than $1 trillion in total moving cargo this year.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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