Overhaul bags $73m for supply chain visibility and insurance solutions


Overhaul, a software-based supply chain visibility, risk, compliance and insurance solution, has raised $73m in capital.

The funding comprises $38m in equity and $35m in non-dilutive debt.

Growth equity investor Edison Partners led the investment with participation from strategic investors eGateway Capital, StepStone Group, and TRM Ventures. Stifel Bank provided the debt financing.

Previous investors Abbey International Finance, Avanta Ventures and Macquarie Capital also participated in the round.

Founded in 2016 and with offices around the world, Overhaul claims it is the only device-agnostic supply chain visibility and risk management software company.

The company aims to transform real-time visibility into risk management, compliance, and insurance solutions for its partners. Its software-based approach offers high configurability and efficient time-to-value to supply-chain organisations without heavy tech.

According to Overhaul, global supply chain disruptions and volatile markets are creating strong demand for solutions that can stop disruptions before they occur. Unlike providers that focus on on-time arrival performance, Overhaul said its visibility, risk management and prevention capabilities give companies a real-time view into their supply chain so they can manage risk more effectively and reduce losses while improving overall performance.

Overhaul said it will use the capital to expand globally, enhance products and fund its recent aqusition of security services provider SensiGuard.

Barry Conlon, CEO and founder of Overhaul, said, “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. The funding is also a validation of Overhaul’s commitment to transforming supply chain visibility and risk management and our strategy in the fluctuating LogTech market.”

Earlier this year, Karambit.AI, which helps companies secure their software supply chains, received a $75,000 grant from the Virginia Innovation Partnership Corporation (VIPC).

Keep up with all the latest FinTech news here.

Copyright © 2023 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.