G-Log Raises Over $20 Million in Equity Financing
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Global Logistics Technologies Inc. (G-Log), a provider of Internet-based logistics systems, raised over $20 million in equity financing led by the Mayfield Fund and FBR Technology Venture Partners.
Other participants in this round include Apodaca Investment Partners LP and Apodaca Investment Offshore Ltd. as well as New Meadows Venture Partners.
As part of the agreement, G-Log named Robin Vasan, general partner, Mayfield Fund and Hooks Johnston, managing director, FBR Technology Venture Partners, to the company's board of directors.
"Although there are many companies that offer various piecemeal solutions for transportation management and logistics, G-Log is the first company to offer a Web-based solution that integrates all of the major modes of transportation into one comprehensive logistics solution," said Johnston.
G-Log says its e-Logistics solutions enable optimization and management of all orders and shipments, both domestic and international, as a single integrated global logistics business process across the multi-enterprise supply chain.