Insight Partners

Coast closes Series B, gets funds from Synchrony for fintech platform

Fleet spending management company Coast announced it has closed a $40 million Series B led by Iconiq Growth and including participation from existing investors Accel, Insight Partners, Vesey Ventures, Avid Ventures and its newest investor, Thomvest.

The funding round also featured an undisclosed investment from financial services provider Synchrony. Coast views this as a strategic partnership since Synchrony serves many of Coast’s customers in the tire, auto parts and repair sectors, including...

https://www.freightwaves.com/news/coast-closes-series-b-gets-funds-from-synchrony-for-fintech-platform

Logixboard raises $32M to support freight forwarders’ growth

Seattle-based Logixboard announced Wednesday it has closed on a $32 million series B round led by by Insight Partners with participation from existing investors including Redpoint Ventures, F-Prime Capital, Social Leverage and Founders’ Co-op to continue expanding the capabilities of its white-label platform for freight forwarders and logistics providers.

Logixboard raised $13 million in a series A round led by Redpoint Ventures in April and has raised a total of $50.8 million since 2016.

“We are...

https://www.freightwaves.com/news/logixboard-raises-32m-to-support-freight-forwarders-growth

SEDNA raises $34M, brings ‘speed, simplicity’ to supply chain communications

The operations behind moving goods around the world takes coordination among a number of supply chain actors to solve complex problems effectively. A proper channel of communication among these teams can be difficult to achieve and can leave a lot of room for error and slow workflow. 

Insight Partners led a Series B funding round for communication software company SEDNA Systems announced Monday to help improve the relay of information through email among disjointed teams often seen in logistics.

“...

https://www.freightwaves.com/news/sedna-raises-34m-brings-speed-simplicity-to-supply-chain-communications

Shogun raises $67.5M to scale headless commerce technology

Headless commerce company Shogun has raised $67.5 million in a Series C funding round led by Insight Partners. Existing investors Initialized Capital, Accel and VMG Partners also participated. The new funding round brings total funding in the startup to $114.5 million.

Headless commerce refers to a technology platform that stores, manages and delivers content on demand through an API rather than hosting the content in a static front-end system. Shogun offers two solutions to brands and retailers...

https://www.freightwaves.com/news/shogun-raises-67-5m-to-scale-headless-commerce-technology

As more retailers embrace omnichannel shopping, Saks OFF 5TH spins off e-commerce business

Saks to spin off its e-commerce business

Just months after it split the e-commerce business of Saks Fifth Avenue from its physical retail stores, owner HBC is doing the same with the companion discounted designer retailer brand Saks OFF 5TH in a deal that values the digital entity at $1 billion.

HBC worked with growth capital investor Insight Partners on both deals. Investment firm Rhône and its affiliates also participated in the deal.

The latest deal includes $200 million in equity investment from Insight Partners to create the Saks...

https://www.freightwaves.com/news/as-more-retailers-embrace-omnichannel-shopping-saks-off-5th-splits-off-e-commerce

Project44 raises $202M in Series E, boosts value to $1.2B

Global supply chain visibility firm project44 has announced it has closed on a $202 million Series E round led by funds managed by Goldman Sachs Asset Management (NYSE: GS) and Emergence Capital, with increased investment from its current investors, including Insight Partners, Sapphire, 8VC, Chicago Ventures and Sozo. The company has raised $442.5 million since 2016 and with its recent raise is valued at $1.2 billion.

“We are fully aligned with the vision that Jett and his team have set forth to...

https://www.freightwaves.com/news/project44-raises-202m-in-series-e-boosts-value-to-12b

ParcelLab raises $112M to improve final-mile communication

ParcelLab, a final-mile fulfillment software service based in Germany, announced this week it has raised $112 million in a Series C funding round led by Insight Partners with participation from Capnamic Ventures, coparion and Endeit Capital. The company’s last raise took place in 2019 for an undisclosed amount.

“ParcelLab’s team is the perfect example of internet entrepreneurs that we want to support – entrepreneurs who can drive the change to make Europe more competitive and who have the...

https://s29755.pcdn.co/news/parcellab-raises-112m-to-improve-final-mile-communication

PayCargo gets $35 million injection from Insight Partners

PayCargo

PayCargo has received $35 million from private equity firm Insight Partners to further expand its operations in the automated freight payment space.

Coral Gables, Florida-based PayCargo, which started operations in 2009, experienced more than 80% transaction growth during the past year. The company estimated that it has processed over $2 billion in transportation payments since its start.

“We are excited to work with PayCargo to continue to scale its global payments network and through our...

https://s29755.pcdn.co/news/paycargo-gets-35-million-injection-from-insight-partners