Overhaul Secures $55 Million in Funding Led by Springcoast Partners to Accelerate AI Innovation and Strategic Growth
Nyenta.com/10300625

Trending...
AUSTIN, Texas, Jan. 10, 2025 ~ Industry leader Overhaul has announced the successful completion of a $55 million equity funding round, led by growth equity firm Springcoast Partners. The funding will support Overhaul's continued advancements in artificial intelligence and strategic acquisitions.

Springcoast Partners, known for partnering with market-leading software and technology companies, led the round with follow-on participation from existing investors Edison Partners and Americo. This investment is a testament to the strength of Overhaul's vision and the value it delivers to its customers.

Overhaul CEO Barry Conlon expressed his confidence in Springcoast's role in supporting the company's leadership to execute their vision. He stated, "The supply chain technology space will see significant consolidation over the next 12 to 24 months. 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."

More on Nyenta.com
Overhaul is no stranger to success, safeguarding over $1.4 trillion in cargo trade continuously with a 99.9% shipment protection rate. The company also boasts an industry-leading 96% recovery rate for cargo theft.

With global supply chains facing unprecedented changes, Overhaul remains at the forefront of enabling businesses to build secure and resilient operations. This strategic investment will allow them to advance their AI-driven capabilities, enhance customer value, and pursue strategic mergers and acquisitions.

Chris Dederick, Principal at Springcoast, praised Overhaul's ability to go beyond visibility and deliver actionable intelligence for customers. He stated that customer feedback has been exceptional and that Springcoast looks forward to partnering with Barry Conlon and his team.

Holger Staude, Managing Partner at Springcoast, also expressed excitement about supporting Overhaul's growth plan. He believes that the company's fully integrated solution sets it apart in the market.

As part of the investment deal, both Chris Dederick and Holger Staude will join Overhaul's board of directors. With this new funding and support from Springcoast, Overhaul is well-equipped to continue leading the market in active supply chain risk management and intelligence.
Filed Under: Business
Show All News | Report Violation

0 Comments

Latest on Nyenta.com