June 16, 2024

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THL Automation Fund Sales opportunities $100 Million Collection D Expense for FourKites

3 min read

BOSTON–(Company WIRE)–Thomas H. Lee Partners, L.P. (“THL”), a leading personal fairness organization, currently announced that it has closed on a transaction to guide a $100 million financial investment round in FourKites, Inc. (“FourKites” or the “Company”), a industry foremost true-time offer chain visibility software program system. THL is joined by strategic investors Zebra Technologies, Volvo Team Venture Funds, and Qualcomm Ventures, LLC, in partnering with FourKites’ CEO and founder, Mathew Elenjickal to travel the Company’s subsequent period of expansion. Mike Kaczmarek, THL Controlling Director, will be part of the FourKites Board of Directors as aspect of the transaction. This marks the 3rd financial investment for THL’s Automation Fund, the industry’s 1st fund dedicated to investing in automation linked businesses.

Headquartered in Chicago, IL, FourKites enables the world’s greatest businesses to much better deal with their supply chains by automating the assortment of advanced and disparate details and turning that information and facts into real-time, predictive insights. By leveraging FourKites’ proprietary software program system and facts algorithms, customers are capable to reduce functioning fees, improve on-time shipping functionality, and increase client provider amounts. Reliable by about 500 of the world’s major brand names, such as Walmart Canada, Dow, Eastman Chemical, Meijer, PetSmart, and The Michaels Organizations, FourKites is a leader in the speedily developing industry for serious-time visibility answers with over 400,000 related carriers across 176 countries.

“We are thrilled about the opportunity to spouse with Matt and the FourKites crew,” said Mike Kaczmarek, Controlling Director at THL. “FourKites is a leader in the supply chain visibility sector and drives sizeable, instant return on expenditure for their consumers. We count on ongoing solid expansion in this marketplace fueled by accelerating current market penetration and FourKites’ leading application solutions.”

“THL has a extended keep track of report of effectively partnering with and scaling visionary technological know-how organizations,” reported Mathew Elenjickal, Founder and CEO of FourKites. “Their expansive network and deep stage of domain experience built them an noticeable companion of preference for FourKites as we keep on to increase the scope of visibility and seek out out new possibilities for innovation in the digital offer chain.”

The Collection D spherical will give development capital for FourKites to go on developing its top software package solutions system, speed up new product or service innovation for its clients, and execute on broader natural and inorganic growth goals.

DC Advisory acted as economic advisor, Kirkland & Ellis LLP acted as authorized advisor, and RSM acted as accounting and tax advisor to THL.

About Thomas H. Lee Companions, L.P.

Thomas H. Lee Partners, L.P. (“THL”) is a leading non-public equity agency investing in middle sector expansion providers solely in a few sectors: Monetary Expert services, Healthcare and Know-how & Organization Solutions. We pair our deep sector know-how with focused inside working methods to completely transform and develop fantastic providers of long lasting benefit in partnership with administration. Our area expertise and methods assist to develop great providers with an goal to accelerate progress, improve operations and drive very long-time period sustainable worth. Given that 1974, we have raised a lot more than $25 billion of fairness cash, invested in about 150 companies and done additional than 400 include-on acquisitions symbolizing an aggregate organization price at acquisition of over $200 billion. For a lot more information on THL, make sure you take a look at THL.com.

About FourKites

FourKites® is the #1 offer chain visibility platform in the world, extending visibility further than transportation into yards, warehouses, suppliers and over and above. Tracking much more than 1 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching 176 nations around the world, FourKites brings together real-time knowledge and powerful device learning to assistance businesses digitize their conclude-to-conclusion offer chains. Far more than 500 of the world’s most regarded manufacturers — like 9 of the major-10 CPG and 18 of the best-20 foodstuff and beverage providers — trust FourKites to change their enterprise and produce much more agile, economical and sustainable provide chains.

To understand much more, stop by https://www.fourkites.com.

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