Overhaul Secures $105M in Series C Funding to Enhance Supply Chain Security

Overhaul, a leader in in-transit supply chain risk management, has successfully raised 105 million dollars in its Series C funding round. This significant investment was spearheaded by Springcoast Partners, with Edison Partners also playing a major role. In addition to the equity financing, Overhaul has secured a new debt financing agreement with MidCap Financial.

The capital injection is strategically timed to address the growing complexities and frequent disruptions in global supply chains. Overhaul's platform, which offers real-time monitoring, predictive intelligence, and rapid response solutions, is uniquely positioned to tackle these challenges. This approach is essential for safeguarding high-value goods from theft, damage, and delays, ensuring that products reach their final destinations safely and efficiently.

The CEO of Overhaul highlighted the importance of data flow in their operations, stating that their ability to utilize this data flow effectively sets them apart. The company's engineering and development efforts are focused on solving real-world problems, and this investment will help accelerate their mission. Overhaul's strategic direction includes leveraging its recent acquisition of FreightVerify, which has added item-level tracking and inventory intelligence to its business. This move is part of a broader strategy to integrate and optimize overall supply chain performance.

Springcoast Partners' managing partner emphasized Overhaul's efforts in building a global record system for high-value supply chains. The company's proprietary data assets, deep operational expertise, and commitment to solving real-world logistics challenges make it stand out in the integrated market. Cargo theft is a pervasive issue in the supply chain industry. Overhaul's platform, with a 99.9% cargo protection rate, plays a crucial role in addressing this problem. By maintaining close cooperation with law enforcement, Overhaul not only focuses on preventing theft but also ensures immediate recovery and intervention when theft occurs. This dual approach of preventing disruptions and managing losses underscores the company's commitment to transforming the management of high-value goods globally.

The investment underscores the urgent need for advanced supply chain solutions that can fill gaps in visibility and security. With strong support from investors and an increasing number of prominent clients, Overhaul is poised to redefine the standards for cargo security and supply chain management in the coming years. Previously, in January, Overhaul raised 55 million dollars, also led by Springcoast Partners, with existing investors Edison Partners and Americo participating in the follow-on investment. This funding was used to enhance Overhaul's AI technology and provide support for acquisitions.