logo
logo

 Everstream Raises $24M To Conquer Supply Chain Complexity And Disruption

May 19, 2022•over 3 years ago

Amount Raised

$24 Million

ClevelandTelecommunications

Description

Everstream Analytics, the global supply chain insights and risk analytics company, today announced the close of a $24M Series A round. With new investor Morgan Stanley Investment Management joining the round and increased commitment from existing investors Columbia Capital, StepStone Group, and DHL, the financing comes on the heels of a significant acceleration in company growth.

Company Information

Company

Everstream

Location

Cleveland, Ohio, United States

About

The deal marks the first time a U.S. based telecommunications company has leveraged an OpCo/HoldCo financing model, driven by demand from Institutional Infrastructure investors. Consistent with its mission to bring speed, reliability, scale, and performance to its customers, the company increased its total route miles of fiber by 80% in 2021, growing to nearly 27,000 route miles.“The role of communications infrastructure is increasingly critical, with technologies and services such as fiber and data centers leading the way,” said Sam Sixt, Investment Director at AMP Capital and Board Member of Everstream. This innovative financing solution provides Everstream with the flexibility and runway to build critical infrastructure that underpins the demands of its customers,” said Aman Sareen, Director at AMP Capital. Through its “Do What You Say You Will Do” approach, Everstream is a valued partner dedicated to the success of business customers.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech