Arrive Logistics Secures Over $300 Million Investment From Atl Partners To Support Accelerated Growth
Amount Raised
$300 Million
Round Type
Venture
AustinOtherInformation TechnologyDescription
Arrive Logistics (“Arrive”) and ATL Partners (“ATL”) announced today that an investor group led by ATL and its co-investors The Baupost Group, British Columbia Investment Management Corporation, and Temasek has made an investment into Arrive. Arrive is a leading freight brokerage that delivers unparalleled service to its network of shippers and carriers through its highly trained workforce and advanced proprietary technology platform. The investment includes over $300 million of capital through a combination of primary and secondary equity, resulting in the ATL led investor group acquiring a significant minority equity stake and becoming the single largest investor in the Company. As part of the transaction, seasoned logistics and technology executives Andrew Clarke, Jerome Lorrain and Paul Bell will join the Board of Directors with Andrew Clarke announced as chairman.
Quick answer
Arrive Logistics raised $300 Million in a funding round, dated April 28, 2021. Arrive Logistics is based in Austin, Texas, United States.
- How much did Arrive Logistics raise?
- Arrive Logistics raised $300 Million in a funding round on April 28, 2021.
- What does Arrive Logistics do?
- Arrive Logistics is a leading multimodal transportation and technology company delivering unparalleled service and custom strategic solutions.
- Where is Arrive Logistics based and how big is it?
- Arrive Logistics is based in Austin, Texas, United States.
Source: Fundz verified event record.
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