# FourKites

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fourkites

- Industry: Software
- Headquarters: Chicago, US
- Website: www.fourkites.com
- Total disclosed funding: $197M
- Latest round: Series D (Mar 19, 2021)
- Investors on record: 12

## About

Based in the US, FourKites, Inc. operates as a leader in supply chain visibility and orchestration solutions, providing real-time insights through its Intelligent Control Tower™ platform.FourKites, Inc. specializes in advanced supply chain solutions, headquartered in Chicago, US. Founded in 2014 by Mathew Elenjickal, the company has completed 11 deals, including its latest round in which it raised USD 10.00 mn led by Mitsui & Co. FourKites has not undergone any significant strategic pivots and does not have known subsidiaries or parent companies.FourKites specializes in advanced supply chain visibility and orchestration solutions through its flagship product, the Intelligent Control Tower™, which utilizes a comprehensive real-time visibility network. This platform incorporates AI-powered digital workers to automate critical supply chain operations, creating digital twins that provide a real-time snapshot of inventory, shipments, and logistics processes. The company addresses various end-use cases, including enhancing inbound and outbound logistics, optimizing appointment scheduling at distribution centers, and improving collaboration among supply chain stakeholders. FourKites serves over 1,600 customers, including leading brands across diverse sectors such as food and beverage, consumer packaged goods, pharmaceuticals, and manufacturing. The company's solutions are deployed in more than 200 countries and territories, making them accessible to a global client base that seeks to streamline operations and drive efficiencies within their supply chains.FourKites generates revenue primarily through subscription-based models, where clients pay for access to its suite of supply chain management tools and services, including the Intelligent Control Tower™ and other AI-driven solutions. Clients, typically large enterprises within sectors such as retail and logistics, engage in annual contracts that may also involve value-added services, such as advanced analytics and customized reporting features. The pricing structure is tiered, allowing organizations to select plans based on their specific needs and operational scale, which includes premium features for enhanced visibility and automation capabilities. This transactional framework not only facilitates steady revenue streams but also fosters long-term partnerships, as clients leverage FourKites' capabilities to reduce costs, enhance decision-making, and improve overall supply chain performance.FourKites plans to expand its product offerings by developing new features for the Intelligent Control Tower™, aiming for a release in the upcoming fiscal year. The company is also targeting expansion into new geographic regions, specifically in Asia and Europe, by the end of the next year. The recent funding of USD 10.00 mn will support the development of these products and the expansion initiatives. Furthermore, significant stakeholders such as Otter Consulting, Harvard Business School Alumni Angels, and Qualcomm Ventures have exited their stakes in FourKites, which may influence its strategic direction.

## Funding rounds

- Series D, Mar 19, 2021, $96M — Bain Capital, Thomas H. Lee Partners, August Capital, Qualcomm Ventures, Volvo Group Venture Capital, Hyde Park Angels, Hyde Park Venture Partners, Zebra Ventures, CEAS Investments
- Series C, Jan 10, 2019, $50M — Bain Capital, August Capital, Hyde Park Venture Partners, CEAS Investments
- Series B, Feb 13, 2018, $37M — Bain Capital, August Capital, Hyde Park Venture Partners
- Series A, Oct 12, 2016, $13M — Bain Capital, Hyde Park Angels, Hyde Park Venture Partners, Otter Consulting
- Seed, Jun 3, 2015, $1.3M — Hyde Park Angels, Hyde Park Venture Partners, Harvard Business School Alumni Angels, Bluestein Ventures, Otter Consulting
- Seed, Jan 1, 2015 — Hyde Park Venture Partners, Otter Consulting

## Investors

- Hyde Park Venture Partners (https://capitalatlas.ai/funds/hyde-park-venture-partners) — Seed, Series A, Series B, Series C, Series D
- Otter Consulting — Seed, Series A
- Hyde Park Angels (https://capitalatlas.ai/funds/hyde-park-angels) — Seed, Series A, Series D
- Harvard Business School Alumni Angels — Seed
- Bluestein Ventures (https://capitalatlas.ai/funds/bluestein-ventures) — Seed
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A, Series B, Series C, Series D
- August Capital (https://capitalatlas.ai/funds/august-capital) — Series B, Series C, Series D
- CEAS Investments — Series C, Series D
- Thomas H. Lee Partners (https://capitalatlas.ai/funds/thomas-h-lee-partners) — Series D
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series D
- Volvo Group Venture Capital (https://capitalatlas.ai/funds/volvo-group-venture-capital) — Series D
- Zebra Ventures (https://capitalatlas.ai/funds/zebra-ventures) — Series D