Logistics Saas Startup Fareye Raises $100 Million From Tcv, Others
05/25/21, 11:32 AM
Money raised
$100 million
Logistics SaaS (software-as-a-service) startup FarEye has raised $100 million in a Series E round led by global venture capital fund TCV and Dragoneer Investment Group. TCV recently invested in Indian online fantasy gaming startup Dream11 while Dragoneer has also invested in edtech startup Unacademy. FarEye’s existing investors Eight Roads Ventures, Fundamentum and Honeywell also participated in the round, the company said. The new funding also includes a minor debt-raise but the company did not disclose the amount.
Company Info
Additional Info
FarEye’s existing investors Eight Roads Ventures, Fundamentum and Honeywell also participated in the round, the company said. “FarEye’s growth has accelerated over the past 12 months, with particularly strong traction in Europe and North America,” the company said. , Noida-based FarEye is targeting the multi-billion-dollar delivery management market that continues to show double-digit growth year-on-year.