Software company MacroPoint has received a $44 million investment from Susquehanna Growth Equity LLC (SGE). The company plans to accelerate investment in product and network expansion, both in the U.S. and internationally.
MacroPoint is the creator of a multi-modal freight tracking network that provides shippers, logistics service providers and carriers real-time visibility into load status. MacroPoint’s network includes more than 800,000 drivers and more than 3,000 paying customers (including JB Hunt, UPS and FedEx), tracking over 2 million loads per year, according to the company.
“MacroPoint was founded to help shippers and logistics service providers eliminate the many blind spots in their supply chains,” said Bennett Adelson, chief executive officer of MacroPoint. “While we’re incredibly proud of how far we’ve come, we’ve only scratched the surface. Having SGE’s experience in rapidly scaling businesses will help us realize our vision of providing global, multi-modal supply chain visibility. Our team is committed to our customers and to making MacroPoint the most robust visibility solution in the freight transportation marketplace.”
