FourKites’ recent raise highlights FreightTech’s current fundraising climate

After a recent round of layoffs, supply chain visibility platform FourKites has disclosed its latest funding round details.

According to a filing Thursday with the U.S. Securities and Exchange Commission, the Chicago-based company in late June raised $30 million from undisclosed investors in exchange for equity, and it hopes to close the funding round with another $50 million. 

In a statement to TechCrunch, CEO Mathew Elenjickal confirmed that one of the strategic investors was FedEx. 

When...

https://www.freightwaves.com/news/fourkites-recent-raise-highlights-freightechs-current-fundraising-climate

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