Overhaul Group Inc. nabbed a $17.5 million funding round led by New Jersey-based investment firm Edison Partners, the cargo-shipping software company announced. Existing investor Abbey International Finance Group in Dublin, Ireland, also participated.
Broadly, the company plans to use the capital infusion to expand its markets and products, according to the announcement.
Overhaul plans to hire more than 40 people in Austin and Ireland this year, co-founder and CEO Barry Conlon said in an email, “with much of the focus on software development, enterprise sales and demand marketing functions.”
Conlon launched the startup in 2016. Overhaul promises supply-chain managers and shippers real-time information about cargo in transit. The company raised about $4.9 million in 2017. It’s raised $27.5 million in total.
Story published by Austin Inno.
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