DispatchTrack, a last-mile logistics platform, raises $144M in its first-ever funding

DispatchTrack, a last-mile logistics platform, raises $144M in its first-ever funding
  • DispatchTrack, which provides a platform for last-mile deliveries, specifically to help companies mimic Amazon-like experiences for themselves by planning and tracking deliveries more easily, has closed a $144 million investment.
  • The funding is coming from a single, high-profile investor, Spectrum Equity, and is being termed by the company as an investment rather than an acquisition.
  • Although PitchBook has described it alternately as a leveraged buyout in its database. In any case, the founders are staying on and still leading the company, and Spectrum is taking two board seats.