Logistics SaaS startup FarEye raises $100 million from TCV, others

Logistics SaaS (software-as-a-service) startup FarEye has raised $100 million in a Series E round led by global venture capital fund TCV and Dragoneer Investment Group. TCV recently invested in Indian online fantasy gaming startup Dream11 while Dragoneer has also invested in edtech startup Unacademy. FarEye’s existing investors Eight Roads Ventures, Fundamentum and Honeywell also participated in the round, the company said. The new funding also includes a minor debt-raise but the company did not disclose the amount.

This funding comes in less than a year after the company raised around $37 million from investors such as Microsoft Venture fund, Eight Roads, Elevation Capital and Honeywell. The new capital will be used to expand its software platform capabilities, drive expansion in Europe and North America, and explore inorganic growth opportunities.