# Pacejet Logistics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pacejet-logistics

- Industry: Software
- Headquarters: Columbus, US
- Website: www.pacejet.com
- Total disclosed funding: $7.7M
- Latest round: Series D (Nov 30, 2017)
- Investors on record: 2

## About

Pacejet Logistics, Inc. specializes in ERP-integrated multi-carrier shipping software that optimizes logistics operations for businesses, enhancing efficiency and accuracy in managing freight and parcel shipments.Founded in 2003 and headquartered in Columbus, US, Pacejet Logistics, Inc. provides a sophisticated shipping software solution designed to streamline logistics operations. In February 2020, it was acquired by 3GTMS, Inc., a portfolio company of Sumeru Equity Partners, from Plymouth Growth Partners. The acquisition supports 3GTMS, Inc.'s strategy to expand its customer base. Larry Deleon is the founder of the company, with Bill Knapp serving as CEO. The company has engaged in 5 deals, the most recent being on February 25, 2020, during which it completed a Series D funding round raising USD 3.20 mn, led by Plymouth Growth Partners. This funding brought the total amount raised to USD 3.20 mn.Descartes Pacejet offers an ERP-integrated multi-carrier shipping software designed to streamline logistics operations for businesses managing LTL freight, parcel shipments, and wholesale distributions. The software's core functions include optimizing shipping processes with tools for quoting and packing, alongside Smart Predictive Packing algorithms for cost estimation, and an Address Validation module to minimize errors. The solution is tailored for businesses in North America and Europe, integrating with ERP systems like Acumatica, Microsoft Dynamics 365, and NetSuite, thereby catering to diverse industries such as retail, manufacturing, and third-party logistics providers.Descartes Pacejet generates revenue through a subscription-based model, engaging clients in annual or multi-year contracts that provide access to its shipping software solutions. The revenue stems from B2B partnerships with retailers and wholesalers, as well as direct service provisions to enterprises needing logistics management. The software’s functionality, including rate shopping features and compliance tools, enhances its value to clients, justifying the associated costs. Pricing tiers are structured to accommodate varying business sizes and needs, ensuring flexibility while emphasizing comprehensive logistics management capabilities.Pacejet Logistics, Inc. is focused on expanding its product offerings and geographic reach. The company plans to develop new products designed to enhance shipping efficiency and is targeting expansion into additional markets within North America and Europe. The recent funding from the Series D round will facilitate these growth initiatives. Following its acquisition by 3GTMS, Inc. in February 2020, Pacejet aims to leverage the resources and expertise of its new parent company to broaden its customer base and enhance service offerings.

## Funding rounds

- Series D, Nov 30, 2017, $3.2M — Straylight Capital
- Series C, Oct 7, 2013, $4.5M — Athenian Venture Partners

## Investors

- Athenian Venture Partners (https://capitalatlas.ai/funds/athenian-venture-partners) — Series C
- Straylight Capital (https://capitalatlas.ai/funds/straylight-capital) — Series D