Pallet raised $18M in a Series A funding led by Bain Capital Ventures to grow its team and expand operations.

Oct 02, 2024•about 1 year ago

Amount Raised

$18 Million

Round Type

series a

San FranciscoSupply Chain ManagementLogisticsTransportationSoftware

Investors

John CurtiusManuel KadreTim BarashSteve FredetteAman NarangZach FrankelActivant CapitalBessemer Venture PartnersBain Capital Ventures

Description

Pallet has announced an $18 million Series A funding round led by Bain Capital Ventures with participation from Bessemer Venture Partners and Activant Capital. The funds will be utilized to enhance the team's capabilities, expand operations, and invest in new product features.

Company Information

Company

Pallet

Location

San Francisco, California, United States

About

Pallet creates supply chain software for end-to-end logistics visibility, automation, control and optimization. Pallet’s flagship product is a Transportation Management System (TMS) and Warehouse Management System (WMS) designed to streamline business operations. The company launched in 2023 and is backed by leading investors including Bain Capital Ventures, Bessemer Venture Partners, Activant Capital and BoxGroup. Pallet is based in San Francisco.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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