Overhaul Secures $55M in Funding to Accelerate Growth

Overhaul, a leading provider of supply chain risk management and intelligence solutions, has announced that it has secured $55 million in equity funding in a round led by Springcoast Partners. The company, which was founded in Ireland in 2016 and is headquartered in Austin, Texas, aims to use the latest funding to advance its proprietary AI technology, enhance customer value, and support its ongoing acquisition plans to expand its reach.

Overhaul's platform safeguards over $1.4 trillion in cargo trade at any given moment, achieving a 99.9% shipment protection rate and boasting an industry-leading 96% recovery rate for cargo theft. The company's impressive track record and innovative solutions have attracted the attention of leading investors, including Springcoast Partners, Edison Partners, and Americo.

Barry Conlon, CEO of Overhaul, expressed his enthusiasm about the latest funding round, stating that the investment from Springcoast Partners, together with continued support from Edison Partners and Americo, is a testament to the strength of the company's vision and the value it delivers to its customers. He also emphasized that the supply chain tech space will see significant consolidation over the next two years, and Overhaul is well-positioned to establish itself as the ultimate integrated solution, delivering a comprehensive suite of tools for supply chain risk management, efficiency, and visibility under a single trusted platform.

Chris Dederick, Principal at Springcoast Partners, echoed Conlon's sentiments, stating that the firm is excited to partner with Overhaul to support its go-forward growth plan. Holger Staude, Managing Partner at Springcoast Partners, added that Conlon and his team have positioned Overhaul as a global leader in active supply chain risk management and intelligence, with its fully integrated solution setting it apart in the market.

As part of the investment, Chris Dederick and Holger Staude will join Overhaul's board of directors, further strengthening the company's leadership team and strategic direction.



Overhaul's growth strategy aligns with broader market trends and opportunities in the supply chain management sector. As supply chains become more complex and global, there is an increasing need for real-time visibility and proactive risk management. Overhaul's platform addresses this demand by providing actionable visibility and mitigating supply chain risks. Additionally, the company's use of proprietary AI technology to identify and mitigate supply chain risks, as well as its integration of generative AI, aligns with the broader market trend of increasing adoption of technology in supply chain management.

In conclusion, Overhaul's latest funding round is a testament to the company's strong performance and growth potential. With the support of leading investors, the company is well-positioned to continue its mission of delivering unparalleled supply chain visibility and control to its customers, while also expanding its reach through strategic acquisitions. As the supply chain tech space continues to evolve, Overhaul's innovative solutions and commitment to growth will enable it to maintain its competitive edge and solidify its position as a global leader in active supply chain risk management.