Total amount raised
$151.2 Million
Latest funding date
2021-05-25
Location
FarEye has successfully raised significant funding over multiple rounds, positioning itself as a leader in last-mile delivery solutions. The platform offers customizable solutions, a sustainability suite, AI-based route planning, and an extensive 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 prominent player in the logistics and supply chain management industry, specializing in last-mile delivery solutions. The company offers a range of customizable and AI-based solutions for route planning, sustainability, and extensive carrier network integrations.
FarEye's platform is designed to enhance delivery efficiency, customer experience, and operational scalability for businesses across various sectors, including e-commerce, grocery, retail, and pharmaceuticals. Their innovative approach aims to address the complexities of last-mile delivery, making them a trusted partner for top brands worldwide.
How Much Funding Has FarEye Raised?
- Seed Round
- Amount Raised: USD 32,500
- Date: July 2014
- Lead Investors: Jaideep Mehta, Nitin Jain
- Series A
- Amount Raised: USD 317,500
- Date: August 2015
- Lead Investors: IAN Group
- Series A
- Amount Raised: USD 3,500,000
- Date: January 2016
- Lead Investors: Elevation Capital
- Series C
- Amount Raised: USD 9,813,000
- Date: January 2018
- Lead Investors: Deutsche Post
- Series D
- Amount Raised: USD 24,500,000
- Date: April 2020
- Lead Investors: M12 - Microsoft's Venture Fund
- Series D
- Amount Raised: USD 13,000,000
- Date: August 2020
- Lead Investors: Fundamentum, KB Global Platform Fund
- Series E
- Amount Raised: USD 100,000,000
- Date: May 2021
- Lead Investors: Dragoneer Investment Group, TCV
FarEye has raised a total of USD 151,163,000 across all funding rounds.
Key Investors
- Dragoneer Investment Group
- Details: Dragoneer Investment Group is a growth-oriented investment firm based in San Francisco. They focus on partnering with management teams to build long-term value.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: Airbnb, Spotify, Uber
- TCV
- Details: TCV, or Technology Crossover Ventures, is a leading provider of growth capital to private and public technology companies. They have been investing in technology for over 25 years.
- Investment Focus Areas: Software, internet, financial technology
- Notable Investments: Netflix, Facebook, Spotify
- M12 - Microsoft's Venture Fund
- Details: M12 is the venture capital arm of Microsoft, focusing on early-stage investments. They leverage Microsoft's resources to support their portfolio companies.
- Investment Focus Areas: Artificial intelligence, cloud computing, cybersecurity
- Notable Investments: Innovaccer, Skedulo, Contrast Security
- Deutsche Post
- Details: Deutsche Post is a German multinational package delivery and supply chain management company. It is the world's largest courier company.
- Investment Focus Areas: Logistics, supply chain management, e-commerce
- Notable Investments: Not publicly disclosed
- Elevation Capital
- Details: Elevation Capital is a venture capital firm that invests in early-stage companies. They focus on building long-term partnerships with entrepreneurs.
- Investment Focus Areas: Consumer internet, SaaS, financial services
- Notable Investments: Paytm, Swiggy, UrbanClap
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