Total amount raised
$151.2 Millions
Latest funding date
05/01/2021
Location
FarEye has successfully raised significant funding to enhance its last-mile delivery solutions. The platform offers a customizable solution built on a Business Process Management framework, integrating AI-based route planning and a comprehensive carrier network.
Keep reading to explore the intricacies of FarEye's fundraising journey and the investors backing this innovative platform.
What Is FarEye?
FarEye is a technology company specializing in last-mile delivery solutions within the logistics and supply chain management industry. The company offers a customizable platform built on a Business Process Management framework, integrating AI-based route planning and a sustainability suite.
FarEye aims to enhance delivery efficiency, customer experience, and sustainability. Trusted by top global brands, it provides solutions across various industries, including e-commerce, grocery, courier and logistics, and pharmaceuticals. The company emphasizes the importance of logistics in customer experience and offers tools to help businesses achieve operational excellence and sustainability goals.
How Much Funding Has FarEye Raised?
- Seed Round
- Amount Raised: $32.5K
- Date: July 2014
- Lead Investors: Jaideep Mehta, Nitin Jain
- Series A
- Amount Raised: $317.5K
- Date: August 2015
- Lead Investors: IAN Group
- Series A
- Amount Raised: $3.5M
- Date: January 2016
- Lead Investors: Elevation Capital
- Series C
- Amount Raised: $9.8M
- Date: January 2018
- Lead Investors: Deutsche Post
- Series D
- Amount Raised: $24.5M
- Date: April 2020
- Lead Investors: M12 - Microsoft's Venture Fund
- Series D
- Amount Raised: $13M
- Date: August 2020
- Lead Investors: Fundamentum, KB Global Platform Fund
- Series E
- Amount Raised: $100M
- Date: May 2021
- Lead Investors: Dragoneer Investment Group, TCV
FarEye has raised a total of $153.65M across all funding rounds.
Key Investors
- Dragoneer Investment Group
- Details: Dragoneer Investment Group is a San Francisco-based investment firm known for its long-term investment approach. The firm focuses on backing high-growth companies across various stages of development.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Airbnb, Spotify, Uber.
- TCV
- Details: TCV, or Technology Crossover Ventures, is a leading growth equity firm that partners with technology companies. They have a history of investing in companies that are leaders in their respective markets.
- Investment Focus Areas: Software, internet, financial technology.
- Notable Investments: Netflix, Facebook, LinkedIn.
- M12 - Microsoft's Venture Fund
- Details: M12 is the venture capital arm of Microsoft, focusing on early-stage investments. The fund aims to support innovative companies that align with Microsoft's strategic interests.
- Investment Focus Areas: Artificial intelligence, cloud computing, cybersecurity.
- Notable Investments: Livongo, Innovaccer, Outreach.
- Deutsche Post
- Details: Deutsche Post is a global logistics company headquartered in Germany. It operates under the brand name DHL and is one of the world's largest courier companies.
- Investment Focus Areas: Logistics, supply chain management, e-commerce.
- Notable Investments: Not publicly disclosed.
- Elevation Capital
- Details: Elevation Capital is an India-based venture capital firm that invests in early-stage and growth-stage companies. The firm has a strong focus on technology-driven businesses.
- Investment Focus Areas: Technology, consumer internet, financial services.
- Notable Investments: Paytm, Swiggy, UrbanClap.
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