www.over-haul.com
Year invested: 2024
Sector: Supply chain software

Company Overview

Overhaul is the global leader in active supply chain risk management and intelligence. Overhaul protects shippers and 3PLs from in-transit cargo delays, damage, theft, and spoilage through advanced software and monitoring solutions. With seven global monitoring control towers strategically located worldwide, Overhaul offers continuous cargo protection and immediate, proactive responses to threats. Overhaul maintains a strong, direct partnership with law enforcement agencies, ensuring rapid recovery and intervention in the event of theft. Trusted by leading enterprises, Overhaul serves industries including pharmaceuticals, healthcare, technology, logistics, retail, and food and beverage, with clients such as Microsoft, Bristol Myers Squibb, Dyson, and CEVA Logistics. The Company was founded in 2016 and is headquartered in Austin, Texas.

Investment Thesis

Overhaul is a leader in the $6+ billion market for real-time transportation visibility and cargo risk management software. The Company stands out by delivering not only visibility, but a fully integrated solution for actionable intelligence and proactive risk management. The platform is built-for-purpose, combining best-in-class software and monitoring technology. Overhaul safeguards over $1.4 trillion in cargo trade, achieving a 99.9% shipment protection rate and an industry-leading 96% recovery rate for cargo theft. Accordingly, Overhaul is trusted by a blue-chip customer base spanning technology, pharmaceuticals, logistics, and retail to secure their most mission-critical cargo. The Company provides its customers a demonstrable ROI and rapid time to value by preventing theft, avoiding delays, and reducing costs. Customer feedback is exceptional, driving impressive gross retention and net expansion over time.

We believe Overhaul is the beneficiary of multiple secular tailwinds and growth opportunities. Supply chains face new challenges and complex global trade dynamics. In this environment, cargo visibility and security are essential. Compliance and sustainability goals are driving demand for high-fidelity data, while advancements in AI enable new use cases in supply chain planning. Shippers and carriers are adopting Overhaul to help reduce their insurance costs. While the supply chain software market includes a long tail of smaller point solutions, we believe Overhaul as a scaled platform is well-positioned to lead consolidation in the space, organically and by acquisition. Overhaul is led by a seasoned executive team, comprised of life-long supply chain experts who understand the needs of the industry. As an investor, we are excited to support the Company’s roadmap for growth.