Overhaul Closes Funding Round of $7M from Strategic Food Industry Investor

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May 09, 2019, 11:37 ET

AUSTIN, Texas, May 9, 2019 /PRNewswire/ -- Overhaul Group, Inc., the first complete end-to-end supply chain integrity solutions provider, announced today that it has successfully closed its latest financing round with $7M in funding led by a strategic investor in the food industry. Overhaul plans to use these funds to support its continued large-scale growth with high caliber shippers, as well as its continued investment in their supply chain technology.

"We have ambitious plans for growth and are excited to have a distinguished partner that can help execute our vision for 2019 and beyond," says Barry Conlon, Overhaul CEO. Overhaul has a rapidly growing list of global brand customers in pharmaceuticals, electronics, transportation and food with aspirations beyond these core sectors.

"Excelling at supply chain management is now a competitive imperative," says Conlon. "Supply chains are becoming massively more complex, and managers are becoming buried in data, most of which is dealt with after the fact. Overhaul's ability to capture and process that data and push real-time alerts to managers showing them where exceptions are occurring opens the door to revolutionizing the way supply chains are managed," Conlon concludes.

Overhaul has completed two significant prior funding rounds since it was founded in 2015. Abbey International Finance, a privately-owned company, was the primary investor in those prior rounds and is participating in this latest round. "Our funding partner, Abbey International, has been a fantastic advisor and supporter since the company's inception. We are delighted to bring on another funding partner with deep roots and knowledge in the supply chain space to add to our DNA and help us on the journey," says David Broe, Overhaul CFO.

For more information on Overhaul's Series Seed financing, please visit https://over-haul.com/blog/overhaul-series-seed-funding.

About Overhaul
Overhaul is a supply chain integrity solutions company that allows shippers to connect disparate sources of data into the first fully transparent situational analysis engine designed for the logistics industry. The result? Data that is transformed into critical insights that can instantly trigger corrective actions, impacting everything from temperature control to handling requirements or package-level tracking, ensuring cargo arrives at its destination safely, undamaged, and on time. All active shipments, all corresponding data sources, all in real-time through a single unified view. For more information, visit www.over-haul.com.

About Abbey International Finance Group
Abbey is a privately-owned group registered and located in Ireland, that provides niche financial solutions to a variety of business sectors. Abbey operates through three commercial divisions: leasing, insurance, and private equity real estate and has offices/affiliates in Dublin, Paris, London, Austin-Texas and Malta. Abbey was founded in 1990 and has grown successfully to have a current net worth in excess of US$ 150 million, affording the company a solid base for further expansion, in the years ahead. For more information, visit www.abbeyintfin.ie.

SOURCE Overhaul