3PL Central, a leading software provider in the logistics industry, has recently made waves with its significant fundraising round of $45 million and a strategic acquisition. This milestone marks a pivotal moment for the company as it solidifies its position as a key player in revolutionizing warehouse management and third-party logistics (3PL) operations through innovative technology solutions.
3PL Central: A Beacon of Innovation
For years, 3PL Central has been at the forefront of driving innovation in the logistics sector. With a mission to empower warehouses and 3PL providers with cutting-edge software solutions, the company has earned a reputation for delivering transformative technologies that streamline operations, enhance efficiency, and optimize supply chain management.
The $45 Million Funding Round
The recent $45 million funding round, led by global investment firm Accel-KKR, represents a resounding vote of confidence in 3PL Central’s vision and capabilities. This substantial investment will fuel the company’s continued growth and expansion initiatives, enabling it to further advance its product offerings, scale its operations, and accelerate innovation to meet the evolving needs of its customers.
Strategic Acquisition: Broadening Capabilities
In tandem with the fundraising round, 3PL Central has also announced a strategic acquisition aimed at bolstering its suite of solutions and expanding its market reach. While specific details of the acquisition have yet to be disclosed, it is clear that this strategic move underscores 3PL Central’s commitment to staying ahead of the curve and delivering unparalleled value to its clientele.
Driving Industry Transformation
3PL Central’s relentless pursuit of innovation and customer-centric approach has positioned it as a driving force behind the transformation of warehouse and logistics operations. By leveraging advanced technologies such as cloud computing, artificial intelligence, and data analytics, the company empowers warehouses and 3PL providers to optimize processes, improve visibility, and drive business growth in an increasingly competitive landscape.
Empowering Logistics Providers
With its comprehensive suite of solutions, including warehouse management systems (WMS), order management, and inventory tracking, 3PL Central equips logistics providers with the tools they need to thrive in today’s fast-paced and complex supply chain environment. By automating manual tasks, streamlining workflows, and providing actionable insights, 3PL Central enables its customers to operate more efficiently, reduce costs, and deliver exceptional service to their clients.
Looking Ahead: A Bright Future for Logistics Technology
As 3PL Central embarks on this exciting new chapter fueled by significant funding and strategic acquisitions, the future of logistics technology appears brighter than ever. With a steadfast commitment to innovation, excellence, and customer success, 3PL Central is poised to continue driving industry-leading advancements that shape the future of warehousing and third-party logistics.
Pioneering the Future of Logistics
With its recent $45 million funding round and strategic acquisition, 3PL Central reaffirms its position as a trailblazer in logistics technology. By harnessing the power of innovation, collaboration, and strategic growth initiatives, the company is poised to lead the charge in transforming warehouse and 3PL operations, driving efficiency, scalability, and success for businesses across the globe.
Accelerating Logistics Technology Evolution
3PL Central, a trailblazer in logistics technology solutions, has made headlines with its recent announcement of a $45 million funding round and a strategic acquisition. These bold moves underscore 3PL Central’s commitment to advancing the logistics industry through innovation, investment, and strategic expansion.
Pioneering Innovation in Logistics Technology
Since its inception, 3PL Central has been at the forefront of transforming warehouse and 3PL operations with its innovative software solutions. By harnessing the power of technology, the company empowers logistics providers to optimize their processes, enhance efficiency, and deliver superior service to their customers.
Securing Investment: A Testament to Vision and Potential
The $45 million funding round, led by Accel-KKR, represents a significant milestone for 3PL Central. This substantial investment not only validates the company’s vision and potential but also provides the necessary resources to fuel growth, drive innovation, and expand market reach.
Strategic Acquisition: Broadening Horizons
In addition to the funding round, 3PL Central has announced a strategic acquisition aimed at enhancing its product offerings and strengthening its position in the market. This strategic move demonstrates 3PL Central’s commitment to staying ahead of the curve and delivering comprehensive solutions that address the evolving needs of its customers.
Empowering Logistics Providers for Success
With its robust suite of solutions, including warehouse management systems (WMS), order management, and inventory tracking, 3PL Central empowers logistics providers to thrive in a competitive landscape. By automating processes, improving visibility, and driving operational efficiency, the company enables its customers to deliver value and exceed expectations.
Shaping the Future of Logistics
As 3PL Central embarks on this new chapter of growth and expansion, the future of logistics technology looks promising. With a focus on innovation, collaboration, and customer success, the company is poised to drive transformative change in the industry, ushering in a new era of efficiency, agility, and profitability.
A Bright Future Ahead
3PL Central’s $45 million investment and strategic acquisition mark a significant milestone in the company’s journey. With a strong foundation of innovation, expertise, and industry leadership, 3PL Central is well-positioned to continue shaping the future of logistics technology and empowering businesses to thrive in an ever-evolving market landscape.
3PL Central, headquartered in El Segundo, is a provider of warehouse management software that has experienced remarkable growth amid the challenges of the Covid-19 pandemic. Last week, the company secured $45 million in financing and executed a strategic acquisition of an inventory management firm.
The financing was provided by Mainsail Partners, a private equity firm based in San Francisco that specializes in investing in “bootstrapped” software companies. This substantial investment will fuel 3PL Central’s expansion plans, building upon the $17.5 million previously raised from Mainsail in 2015.
Although 3PL Central initially faced slowdowns in the first quarter of 2020 due to disruptions in supply chains caused by Covid-19, the company experienced a surge in business as shipping rebounded later in the year amid increased consumer demand during the pandemic. Andy Lloyd, the company’s Chief Executive, reported a significant 46% year-over-year increase in third-party logistics order volume in 2020, with a remarkable 63% surge in the first quarter of 2021 compared to the same period in the previous year.
In a strategic move to capitalize on its momentum, 3PL Central announced the acquisition of Skubana Inc., a New York-based inventory and order management platform that streamlines sales channels, warehouses, and fulfillment operations. This acquisition marks only the second for 3PL Central, following its acquisition of Traker Systems Inc. in Temecula in 2016.
Founded in 2006 by JAM-N Logistics in Commerce, 3PL Central has emerged as a leader in addressing logistics challenges. With plans for further expansion and consolidation across the United States, Canada, and international markets, the company aims to leverage the financing from Mainsail to fuel its growth strategy and become a prominent player in the logistics industry.
In response to shifts in consumer behavior driven by the pandemic, 3PL Central seeks to alleviate bottlenecks in the distribution channel, ensuring timely delivery of goods from retailers and distribution centers to consumers. By outsourcing warehouse and distribution needs for its customers’ inventory and fulfillment, 3PL Central plays a crucial role in optimizing logistics operations and meeting the evolving demands of the market.
With the backing of Mainsail’s funding, 3PL Central is well-positioned to pursue additional acquisitions and expand its footprint, cementing its position as a key player in the rapidly evolving logistics landscape. Andy Lloyd expressed confidence in the company’s potential to make a significant impact and become a major player in the industry.
3PL Central, headquartered in El Segundo, has emerged as a significant player in the logistics industry, particularly amid the challenges presented by the Covid-19 pandemic. The company’s recent announcement of securing $45 million in financing and executing a strategic acquisition underscores its commitment to growth and innovation in the ever-evolving logistics landscape.
The financing, led by Mainsail Partners, a San Francisco-based private equity firm specializing in “bootstrapped” software companies, represents a substantial investment in 3PL Central’s future. This capital injection will enable the company to accelerate its expansion plans and further solidify its position as a leader in warehouse management software solutions.
Despite initial slowdowns in the first quarter of 2020 due to pandemic-related disruptions in supply chains, 3PL Central experienced a remarkable resurgence in business as shipping activity rebounded later in the year. Andy Lloyd, the company’s Chief Executive, reported impressive year-over-year increases in third-party logistics order volume, with a particularly noteworthy surge of 63% in the first quarter of 2021 compared to the same period the previous year.
In a strategic move to capitalize on its momentum, 3PL Central announced the acquisition of Skubana Inc., a New York-based inventory and order management platform. This strategic acquisition, only the second in 3PL Central’s history, reflects the company’s commitment to expanding its suite of solutions and enhancing its capabilities to meet the evolving needs of its customers.
Founded in 2006 by JAM-N Logistics in Commerce, 3PL Central has continuously demonstrated its ability to address logistics challenges and deliver innovative solutions. With plans to further consolidate its presence across the United States, Canada, and international markets, the company is poised to leverage the funding from Mainsail to fuel its growth strategy and pursue additional acquisitions.
In response to shifts in consumer behavior driven by the pandemic, 3PL Central aims to alleviate bottlenecks in the distribution channel and ensure the timely delivery of goods from retailers and distribution centers to consumers. By outsourcing warehouse and distribution needs for its customers’ inventory and fulfillment, 3PL Central plays a pivotal role in optimizing logistics operations and meeting the demands of a rapidly changing market.
With the backing of Mainsail’s funding and the strategic acquisition of Skubana Inc., 3PL Central is well-positioned to drive innovation, expand its market reach, and cement its position as a key player in the logistics industry. Andy Lloyd expressed confidence in the company’s ability to make a significant impact and emerge as a major player in the industry, signaling an exciting new chapter of growth and success for 3PL Central.