DLA Piper advises Overhaul in US$35 million Series B financing
DLA Piper represented supply chain technology company Overhaul Group, Inc. in a US$35 million Series B funding round. The round was led by Macquarie Capital, with participation from Edison Partners and Avanta Ventures, the venture arm of CSAA Insurance Group.
Founded in 2016, Overhaul has grown to be a trusted provider of supply-chain technology for Fortune 100 companies that move freight globally for various industries, including pharmaceutical and healthcare, technology, logistics, and food and beverage. Overhaul will use the investment to accelerate its roadmap in continuing to optimize its current category-creating products.
“We were pleased to bring to bear our extensive experience advising emerging tech companies, as well as our knowledge of the supply chain industry, to advise Overhaul on this funding round, which will help our client continue growing its global footprint and providing transformative supply chain solutions to its customers,” said Andrew Gilbert, vice chair of DLA Piper’s US Corporate practice and the partner who led the firm’s deal team.
“DLA Piper has been a trusted partner since our early days, as they have consistently offered a practical, strategic approach and a strong understanding of our needs as a company. The firm’s lawyers have been an invaluable resource as we continue to grow our business,” said Barry Conlon, Overhaul founder and CEO.
In addition to Gilbert, the DLA Piper team representing Overhaul Group included partner Scott Cowan and associate Patrick Toolan (all of Short Hills).
DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers in the US who provide strategic counsel to emerging companies in high-growth industries, including healthcare, insurance, biotech, fintech, manufacturing, communications, security, software and semiconductors. Over the last three years, DLA Piper has completed more than 2,100 financings totaling over US$31 billion.
DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.