Overhaul raises $105 million

Overhaul, a provider of supply chain risk management and intelligence solutions, has secured $105 million in Series C 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.

Founded in 2016 and headquartered in Austin, Overhaul is a supply chain integrity solutions company that allows shippers to connect disparate sources of data into “the first fully transparent situational analysis engine” designed for the logistics industry. Data that is transformed into critical insights can instantly trigger corrective actions, impacting everything from temperature control to handling requirements or package-level tracking.

Overhaul also offers cargo insurance through its in-house insurance agency and it claims to have developed specialty programs with A-rated underwriting partners.

“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. 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.” – Barry Conlon, CEO of Overhaul.

“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.” – 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.” – Chris Dederick, Principal at Springcoast Partners.