Overhaul employs more than 600 people globally, including a team of 40 at its Irish base
Overhaul, co-founded by entrepreneurs Barry Conlon and David Broe, has announced a landmark $105m funding round alongside the strategic acquisition of US firm FreightVerify.
Together, these will support Overhaul's ongoing global expansion as a category leader in logistics tech and accelerate its platform innovation.
Irish-founded Overhaul is the global leader of in-transit supply chain risk management employing more than 600 globally, including a team of 40 in its Irish base in Dundalk, where COO David Broe is based.
As global supply chains face increasing complexity and disruption, companies require active risk management solutions that can prevent problems before they occur - and Overhaul’s comprehensive platform addresses that critical need through a combination of real-time data, predictive intelligence, and immediate response capabilities.
Its platform safeguards over $1.4 trillion in cargo trade at any given moment, achieving a 99.9% protection rate for industries including pharmaceuticals, technology, healthcare, and automotive. Now trusted by Fortune 100 companies and global operators, Overhaul serves companies in 170 countries.
This funding round is made up of a $105 million Series C equity funding led by Springcoast Partners with participation from Edison Partners. Morgan Stanley Investment Management also participated through their 1GT climate private equity strategy, investing in companies delivering innovative climate solutions that meaningfully decarbonize the global economy. With funding from these US growth equity partners, the company will be able to accelerate platform innovation, advance AI-driven capabilities, and continue building powerful, complete, enterprise-level solutions for the world's largest brands while also pursuing further strategic acquisitions.
Complementing this momentum, Overhaul has acquired FreightVerify, a precision visibility platform with a headquarters in Ann Arbor, Michigan and over 60 staff, trusted by six of the world’s largest automotive manufacturers as well as leading healthcare systems. The integration adds item-level tracking and inventory intelligence to Overhaul’s core risk management solutions, creating a comprehensive platform that empowers global brands to anticipate and prevent disruption before it occurs.
Barry Conlon, CEO of Overhaul said: “Expanding our relationships with Springcoast and Edison allows us to build on the momentum we’ve already created and deliver the solutions our customers are asking for. The acquisition of FreightVerify supports our goal of being an industry leader globally. Our engineering and development efforts are focused on solving real-world problems, and this investment helps us accelerate that mission. The truth is that visibility is a data stream - not a standalone solution or app - and how we harness that stream is what truly sets us apart.”
Today, Endeavor Ireland welcomes Overhaul’s news, which exemplifies the ambition and impact at the heart of the Endeavor network. Second-time founders, Barry Conlon, from Palmerstown in Dublin and David Broe, from Blackrock, Co Louth respectively joined the Endeavor Ireland network in January 2024 and since then have contributed strongly to the network, supporting other founders locally and globally.
Endeavor is a global not-for-profit organisation with a mission to support and accelerate fast-scaling high-impact Irish entrepreneurs by connecting them with talent, capital and a worldwide peer and mentor network. Endeavor Ireland operates on an all-island basis supporting homegrown entrepreneurs with big ambitions and potential to scale up and to ultimately provide a societal benefit.
