FourKites Raises $225M in Series E

FourKites has successfully raised $225M in a Series E at a $1.7B valuation led by August Capital, Bain Capital Ventures, CEAS Investments, Hyde Park Angels, Insight Partners, Georgian Partners.

Company Overview

FourKites is a Logistics company headquartered in 515 North State Street, Chicago, IL 60654, founded in 2014 with 700+ employees.

Real-time supply chain visibility

Fundraising Details

Amount Raised: $225M
Round Type: Series E
Valuation: $1.7B
Date: 2024-05-22
Investors: August Capital, Bain Capital Ventures, CEAS Investments, Hyde Park Angels, Insight Partners, Georgian Partners

About FourKites

Real-time supply chain visibility The company is positioned in the Logistics sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 515 North State Street, Chicago, IL 60654
Founded: 2014
Team Size: 700+
Industry: Logistics

What This Means

This funding round demonstrates strong investor confidence in FourKites's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Logistics sector continues to attract significant investment as companies innovate to meet evolving market demands. FourKites's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.7B valuation marks an important milestone for FourKites, positioning the company among notable players in the Logistics industry.

Looking Ahead

With this new capital, FourKites is well-positioned to execute on its growth strategy and continue building innovative solutions in the Logistics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-05-22. For more information about FourKites, visit their headquarters at 515 North State Street, Chicago, IL 60654.