The $55m in equity funding was led by Springcoast Partners, and will enable the company to establish itself as the ultimate integrated solution.
Overhaul, the industry leader in active supply chain risk management and intelligence, recently secured $55m in equity funding led by Springcoast Partners (Springcoast), with follow-on participation from existing investors Edison Partners and Americo. The growth investment from Springcoast will fuel Overhaul’s continued advancements in artificial intelligence and support its strategic acquisition roadmap.
This funding comes at a crucial time for the industry, as macroeconomic and global trade dynamics drive significant transformation in supply chain operations. Proactive risk management is essential as shippers manage new routes, and funding for smaller software vendors has grown increasingly scarce – creating new opportunities for consolidation.
In this environment, Overhaul is uniquely equipped to expand its portfolio of solutions through product investment and acquisition.
“Springcoast’s investment, together with continued support from Edison Partners and Americo, is a testament to the strength of our vision and the value we deliver to our customers,” says Barry Conlon, CEO of Overhaul. “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. I am confident that Springcoast will play a pivotal role in supporting Overhaul’s leadership to successfully execute this vision.”
Overhaul safeguards over $1.4tn in cargo trade continuously, achieving a 99.9% shipment protection rate. The company delivers actionable visibility for millions of shipments and boasts an industry-leading 96% recovery rate for cargo theft.
As global supply chains face unprecedented changes, Overhaul remains at the forefront of enabling businesses to build world-class, secure and resilient operations. This strategic investment will enable the company to:
- Advance AI-driven capabilities: Enhance Overhaul’s proprietary AI technology to proactively identify and mitigate risks, providing customers with unparalleled supply chain visibility and control.
- Enhance customer value: Continue delivering cutting-edge solutions that empower customers to protect high-value, time- and temperature-sensitive cargo, ensuring operational continuity and security.
- Pursue strategic mergers and acquisitions: Identify and integrate key acquisitions that expand Overhaul’s reach and capabilities, accelerating its mission to lead the market in active risk management.
“Overhaul goes beyond visibility, delivering actionable intelligence, robust risk management and rapid ROI,” says Chris Dederick, Principal at Springcoast. “Customer feedback has been exceptional. We look forward to partnering with Barry and his team to help strategically scale their business.”
“Barry and his team have positioned Overhaul as a global leader in active supply chain risk management and intelligence,” adds Holger Staude, Managing Partner at Springcoast. “We believe the company’s fully integrated solution sets it apart in the market, and we are excited to support their go-forward growth plan.”
Learn more about Overhaul here.
Source: Overhaul
