FreightWatch International, an Austin TX-based global logistics security provider, has closed a $10m growth equity investment.
The round was led by Chicago-based private equity firm Bridge Investments LLC.
FreightWatch offers supply chain security solutions designed to prevent cargo theft within the pharmaceutical, electronics and other consumer-focused industries. Services include electronic freight security, 24/7 monitoring, security escorts, cargo assessments and intelligence, and end-to-end logistics security solutions.
As also stated by Barry Conlon, CEO of FreightWatch International, this additional capital will allow the company to focus on new sectors, expand current client base, and invest in new covert asset tagging technologies.