Multi-modal freight tracking provider MacroPoint has received a $44 million investment from Susquehanna Growth Equity to accelerate investment in product and network expansion in the U.S. and internationally.
In conjunction with the new financial investment, MacroPoint is adding supply chain and technology experts to its board of directors, beginning with Dan Dershem, founder and former CEO of LeanLogistics, and Ronald Kasner, chief financial officer of iCIMS, a provider of talent management software.
“While we're incredibly proud of how far we've come, we've only scratched the surface,” said Bennett Adelson, CEO of MacroPoint. “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.”
MacroPoint offers a large visibility network, encompassing more than 800,000 drivers and over 3,000 paying customers, including JB Hunt, UPS and FedEx. Its platform tracks more than 2 million loads per year and provides integration with major TMS and ELD packages. Beyond visibility, the software offers control tower functionality and analytics, exception reporting, automated arrival/departure alerts and HOS-related features.
For more information about MacroPoint, click here.