Overhaul, the global leader of in-transit supply chain risk management, has secured $105 million in Series C equity funding led by Springcoast Partners with participation from Edison Partners. In addition to the Series C financing, the company also closed on a new debt facility with MidCap Financial.
As global supply chains face increasing complexity and disruption, companies require active risk management solutions that can prevent problems before they occur. Overhaul addresses this critical need through its comprehensive platform that combines real-time monitoring, predictive intelligence, and immediate response capabilities to protect high-value cargo from theft, damage, and delays. The company will use the investment to accelerate platform innovation, advance AI-driven capabilities, and continue building powerful, complete, enterprise-level solutions for the world’s largest brands while also pursuing strategic acquisitions.
“Expanding our relationships with Springcoast and Edison allows us to build on the momentum we’ve already created and deliver the solutions our customers are asking for,” said Barry Conlon, CEO of Overhaul. “The truth is, visibility is a data stream – not a standalone solution or app – and how we harness that stream is what truly sets us apart. Our engineering and development efforts are focused on solving real-world problems, and this investment helps us accelerate that mission.”
Also Read: Supplier.io Launches the Next-Generation Supplier Intelligence Platform to Accelerate Small Business Discovery and Supplier Networks
The investment also positions Overhaul to capitalize on consolidation opportunities in the supply chain technology sector, where the company expects to see continued market shifts as companies focus on profitability and growth fundamentals. The company’s recent acquisition of FreightVerify, which adds item-level tracking and inventory intelligence to its platform, demonstrates this consolidation strategy in action.
“Overhaul is building the system of record for global, high-value supply chains. The company’s proprietary data assets, operational depth, and commitment to solving real-world logistics challenges set it apart in a consolidating market,” said Holger Staude, Managing Partner of Springcoast Partners. “We’re proud to deepen our partnership with Barry and the Overhaul team as they complement their market-leading cargo security capabilities with powerful new inventory optimization tools,” added Chris Dederick, Principal at Springcoast Partners.
“Edison Partners are excited to continue to support Overhaul in its mission to deliver high impact solutions to real supply chain problems for the world’s biggest brands. It’s a winning strategy with huge potential and this latest acquisition accelerates the vision we saw and backed in 2020,” added Ryan Ziegler, Managing Partner at Edison Partners.
SOURCE: PRNewswire