FourKites
FourKites Raises $225M in Series E
Quick Facts
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.
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