G-Log Raises Over $20 Million in Equity Financing

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’s flagship product is called GC3 (Global Command and Control Center)
and employs a global data model, e-Logistics engine and Internet technology
to extend the
optimization of the supply chain to the customer’s door.

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.

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