Executive Briefings

Supply Chain Visibility Company MacroPoint Announces $44M Investment

MacroPoint, creator of a multimodal freight tracking network that provides shippers, logistics service providers and carriers real-time visibility into load status, has received a $44m investment from Susquehanna Growth Equity, LLC (SGE). The company says it plans to accelerate investment in product and network expansion, both in the U.S. and internationally.

Supply Chain Visibility Company MacroPoint Announces $44M Investment

MacroPoint says it owns the largest visibility network in the industry, encompassing over 800,000 drivers and 3,000 customers (including JB Hunt, UPS and FedEx) - tracking over 2 million loads per year. MacroPoint's technology includes field-tested integrations with all major transportation management systems (TMS) and electronic logging device (ELD) packages, the company says. Beyond visibility, the software offers control tower functionality and analytics, exception reporting, automated arrival/departure alerts and HOS-related features.

In conjunction with the financing, MacroPoint says it's adding supply chain and technology experts to its board of directors, beginning with Dan Dershem, founder and former CEO of LeanLogistics, and Ronald Kasner, CFO of iCIMS, a provider of talent management software.

“MacroPoint was founded to help shippers and logistics service providers eliminate the many blind spots in their supply chains,” said Bennett Adelson, CEO of MacroPoint. “While we're incredibly proud of how far we've come, we've only scratched the surface. Having SGE’s experience in rapidly scaling businesses will help us realize our vision of providing global, multi-modal supply chain visibility. Our team is committed to our customers and to making MacroPoint the most robust visibility solution in the freight transportation marketplace.”

Source: MacroPoint

MacroPoint says it owns the largest visibility network in the industry, encompassing over 800,000 drivers and 3,000 customers (including JB Hunt, UPS and FedEx) - tracking over 2 million loads per year. MacroPoint's technology includes field-tested integrations with all major transportation management systems (TMS) and electronic logging device (ELD) packages, the company says. Beyond visibility, the software offers control tower functionality and analytics, exception reporting, automated arrival/departure alerts and HOS-related features.

In conjunction with the financing, MacroPoint says it's adding supply chain and technology experts to its board of directors, beginning with Dan Dershem, founder and former CEO of LeanLogistics, and Ronald Kasner, CFO of iCIMS, a provider of talent management software.

“MacroPoint was founded to help shippers and logistics service providers eliminate the many blind spots in their supply chains,” said Bennett Adelson, CEO of MacroPoint. “While we're incredibly proud of how far we've come, we've only scratched the surface. Having SGE’s experience in rapidly scaling businesses will help us realize our vision of providing global, multi-modal supply chain visibility. Our team is committed to our customers and to making MacroPoint the most robust visibility solution in the freight transportation marketplace.”

Source: MacroPoint

Supply Chain Visibility Company MacroPoint Announces $44M Investment