- Companies
- FourKites
FourKites Revenue, Valuation, Funding & Investors
FourKites is valued at $1B as of September 2022, a 15.4x multiple on its last reported $65M revenue.
Last FourKites valuation
$1B
Strategic investment · Sep 2022
Last FourKites funding round
$10M
Strategic investment · Sep 2022
FourKites revenue
$65M
Strategic investment · Sep 2022
Key investors in FourKites
Hyde Park Venture Partners
CEAS Investments
Bain Capital Ventures
HPA (Hyde Park Angels)
Harvard Business School
August Capital
About FourKites
FourKites is a supply chain visibility platform with the Intelligent Control Tower using AI for real-time tracking across the largest global network. Chicago-headquartered, it creates digital twins to automate resolutions and enhance collaboration for shippers and retailers.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$65M (Sep 2022)
Valuation
$1B (Sep 2022)
FourKites Valuation
FourKites is currently valued at $1B, based on its strategic investment round in September 2022.
The $10M round was led by Mitsui & Co.
FourKites' valuation has moved from $1B at its Series D in June 2022 to $1B in September 2022, across 2 priced rounds.
FourKites valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2022 | Strategic investment | $1B | 15.4x |
| Jun 2022 | Series D | $1B | - |
FourKites Revenue
FourKites' latest recorded revenue is $65M, as of its strategic investment round in September 2022. At a $1B valuation, that implies a 15.4x revenue multiple.
FourKites revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2022 | $65M | $1B | 15.4x | Strategic investment |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
FourKites Funding History
FourKites has raised a total of $242M across 8 funding rounds.
FourKites' first fundraising round was a $1M seed round in June 2015. The most recent completed round was a $10M strategic investment round in September 2022.
FourKites funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2022 | Strategic investment | Mitsui & Co (lead) | $10M | $1B | FourKites is a Chicago-based supply chain visibility platform founded in 2014 that uses real-time data and machine learning to help companies digitize end-to-end supply chains. The company raised a $10 million strategic investment from Mitsui & Co. on September 27, 2022, as the first phase of an ongoing partnership to expand offerings in the Asia-Pacific region, starting with Japan. Mitsui committed resources for sales, customer service, operations, and product localization to create hyper-localized solutions. This investment followed a $30 million financing round in August 2022 (part of an expected $80 million raise) and a strategic investment from FedEx in June 2022, when FourKites reached a $1 billion valuation. Prior to that, FourKites completed a $100 million Series D in March 2021 led by Thomas H. Lee Partners. Other strategic investors include Zebra Technologies, Volvo Group Venture Capital, and Qualcomm Ventures. FourKites reported $65 million in revenue in 2021 and had raised a total of approximately $242-292 million across multiple rounds by 2022. The company maintains an engineering headquarters in Chennai, India, with over 250 employees there, and serves a global network amid ongoing supply chain challenges. |
| Jun 2022 | Series D | FedEx (lead) | $30M | $1B | FourKites is a Chicago-based supply chain visibility platform that tracks freight shipments across road, rail, ocean, air, and parcel, serving enterprise customers like Coca-Cola, AB InBev, Walmart, and 9 of the top-10 CPG companies plus 18 of the top-20 F&B firms. It operates a subscription-based SaaS model with enterprise pricing starting at approximately $75,000 annually, tiered by shipment volume, features, and supply chain complexity, supporting over 2.8 million shipments daily and connecting 50% of Fortune 500 companies across more than 200 countries. In late June 2022, FourKites raised $30 million from FedEx as part of a strategic partnership and ongoing Series D financing round projected to total $80 million, with FedEx also becoming a customer and providing data insights from 16.5 million daily shipments across 220 countries. CEO Matt Elenjickal confirmed to WSJ and others that the company reached a valuation of more than $1 billion at this time, later specified as $1 billion in Sacra's research. The investment supports development of FourKites X, a new end-to-end supply chain intelligence platform leveraging FedEx data, machine learning, and AI for dynamic planning, visibility, alerts, and optimization. This FedEx-led raise followed economic pressures including layoffs of 8% of staff amid inflation and rising rates, shifting focus from growth-at-all-costs to profitability path over 18-24 months. Prior funding exceeded $200-292 million across rounds, with investors like Thomas H. Lee Partners, Qualcomm Ventures, and Bain Capital Ventures. Subsequent developments included a $10 million Series D extension in September 2022 and $10 million from Mitsui & Co. for APAC expansion, where shipments tracked grew 240% in the prior 12 months. |
| Mar 2021 | Series D | THL (lead); Qualcomm Ventures; HPA (Hyde Park Angels); Zebra Ventures; August Capital; Volvo Group Venture Capital; 50 South Capital; Bain Capital Ventures; Hyde Park Venture Partners; CEAS Investments | $100M | - | FourKites is an end-to-end supply chain visibility provider founded in 2014 by Matt Elenjickal that enables real-time tracking and coordination across transportation, warehouses, stores, and connected systems. The company had grown to employ over 500 people across the U.S., Europe, and Asia by the time of this funding round. On March 19, 2021, FourKites raised $100 million in Series D financing led by Thomas H. Lee Partners (THL), with participation from Qualcomm Ventures, Volvo Group Venture Capital, Zebra Technologies, and existing investors including August Capital, CEAS Investments, Hyde Park Angels, Hyde Park Venture Partners, and Bain Capital Ventures. The round was driven by intense market demand for supply chain visibility solutions following record growth in 2020. THL Managing Director Mike Kaczmarek joined FourKites' board, and the firm noted this was its 12th supply chain deal completed over the previous three years, demonstrating deep focus on supply chain automation and logistics. FourKites achieved $65 million in revenue in fiscal year 2021. The company's post-money valuation at the time of the Series D round was not publicly disclosed, though the company reached a $1 billion valuation by June 2022 following additional funding extensions in August and September 2022. |
| Feb 2019 | Series C | CEAS Investments (lead); Harvard Business School; August Capital; Bain Capital Ventures; Hyde Park Venture Partners | $50M | - | FourKites is a real-time supply chain visibility platform that enables businesses to digitize and track their end-to-end supply chains using data and machine learning. The company was founded in 2014 by Matt Elenjickal and serves major global enterprises across consumer packaged goods, food and beverage, and logistics sectors. In February 2019, FourKites raised $50 million in Series C funding led by CEAS Investments, with participation from existing investors August Capital, Bain Capital Ventures, and Hyde Park Venture Partners. The company deliberately did not disclose its post-money valuation at the time of the announcement, choosing only to note it represented growth from prior rounds. At the time of the Series C round, FourKites had approximately 300 employees and its visibility platform was operational in 55 countries. The company's platform tracked over 450,000 carriers across road, rail, ocean, and air transport, serving nine of the top ten global consumer packaged goods companies and 18 of the top 20 food and beverage companies. The company declined to publicly disclose financial metrics including revenue and EBITDA during this period. |
| Feb 2018 | Series B | August Capital (lead); Bain Capital Ventures; Hyde Park Venture Partners; CEAS Investments | $35M | - | FourKites is a Chicago-based supply chain visibility solutions provider specializing in real-time transportation tracking and logistics visibility. The company raised $35 million in Series B funding led by August Capital in February 2018, bringing total funding to $51 million at that time. The funding was intended for geographic and product expansion, with planned hiring to double the company's headcount from 160 employees across its Chicago headquarters and Chennai, India offices. At the time of the Series B round, FourKites reported 400 percent revenue growth over the preceding 12 months and was signing large shipper customers at a rate of approximately one per week. The company had recently secured major international customers including Unilever for supply chain tracking across Europe and AB InBev in South Africa, demonstrating significant traction in the enterprise logistics sector. |
| Oct 2016 | Series A | Bain Capital Ventures (lead); Harvard Business School; HPA (Hyde Park Angels); Hyde Park Venture Partners; CEAS Investments | $13M | - | FourKites raised $13 million in its Series A funding round in October 2016, led by Bain Capital Ventures, with participation from existing investors Hyde Park Venture Partners, Hyde Park Angels, HBS Angels, and others. The two-year-old Chicago-based company provides a platform for real-time shipment visibility in the trucking and logistics industry, enabling shippers to track trucks, address delays, and improve supply chain efficiency. Prior to this round, FourKites had raised $3.5 million in seed and debt funding, bringing total capital to $16.5 million. The platform helps customers like Staples achieve better on-time performance, reducing wait times at warehouses and stock-outs while accelerating inventory turns. Investors highlighted the company's marquee customers and potential to disrupt the $700 billion transportation industry through real-time logistics connectivity and smart trucking solutions. |
| Feb 2016 | Seed | CEAS Investments (lead); Hyde Park Venture Partners (lead); Atlas Innovate; Harvard Business School; HPA (Hyde Park Angels) | $2M | - | - |
| Jun 2015 | Seed | Hyde Park Venture Partners (lead); Atlas Innovate; Harvard Business School; HPA (Hyde Park Angels); Bluestein Ventures | $1M | - | - |
Who has invested in FourKites?
15 investors have backed FourKites across its funding rounds, including Hyde Park Venture Partners, CEAS Investments, Bain Capital Ventures, HPA (Hyde Park Angels), Harvard Business School and August Capital.
Lead investors include Mitsui & Co, FedEx, THL, CEAS Investments, August Capital and 2 other investors.
FourKites Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Lead | Jun 2015 | ||
| 5 | Lead | Feb 2016 | ||
| 4 | Participant | Jun 2015 | ||
| 4 | Participant | Jun 2015 | ||
| 4 | Lead | Oct 2016 | ||
| 3 | Lead | Feb 2018 | ||
| 2 | Participant | Jun 2015 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Jun 2015 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Lead | Jun 2022 | ||
This data is available for Pro users. Sign up to see all 15 FourKites investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by FourKites
FourKites has acquired 3 companies to date.
Last acquisition by FourKites was on January 18th 2022. FourKites acquired NIC-place for undisclosed valuation.
Latest Acquisitions by FourKites
| Description | NIC-place is a provider of supply chain visibility software tailored for transport companies, carriers, and logistics providers. The platform offers real-time tracking and management tools hosted on a cloud-based system. | Haven is a San Francisco-based software provider founded in 2014 that automates international logistics for commodity producers, traders, and buyers through trade collaboration tools and supply chain visibility features, now integrated under FourKites. | TrackX Holdings Inc is an enterprise asset management company deploying SaaS based solutions leveraging multiple auto-ID and sensor technologies for the comprehensive tracking and management of physical assets. TrackX's Global Asset Management for Enterprises (GAME) platform enables the Industrial Internet of Things (IIoT) by providing item level tracking, workflow processing, event management, alerting and powerful analytics to deliver solutions across a growing number of industries. Its customers are in industries such as transportation, beverage, brewery, healthcare, hi-tech, hospitality, mining, agriculture, horticulture, manufacturing and government. |
| HQ Country | |||
| HQ City | Kempten | San Francisco, CA | Denver, CO |
| Deal Date | 18 Jan 2022 | 7 Apr 2021 | 25 Mar 2020 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all FourKites acquisitions and their M&A valuation multiples. Start Free Trial | |||
FourKites Competitors
FourKites competitors include listed companies like Infomart and GigaCloud Technology, and private ones like Altana, Bringg, Xforceplus and YH Global.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | $564M | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $121M | $31M | $1.2B | 8.6x | ||
| Publicly listed | $1.3B | $158M | $1.9B | 1.4x |
FourKites Public Comps
FourKites is still privately-owned, but its public comps include GuoChuang Software, Infomart, New Trend International Logis-Tech, Huitongda Network, KSEC Intelligent Technooogy, Nordtech Group, Tecsys, Logo Yazılım, ReposiTrak and GigaCloud Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $220M | ($17M) | 4.8x | - | (60.4x) | - | |||
| $121M | $31M | 9.3x | 8.6x | 35.9x | 31.7x | |||
| $352M | $42M | 1.4x | - | 11.9x | - | |||
| $7.8B | $112M | 0.0x | 0.0x | 0.3x | 0.3x | |||
| $298M | ($9M) | 1.4x | - | (44.3x) | - | |||
| $72M | $15M | 5.1x | - | 25.2x | - | |||
| $138M | $9M | 2.3x | 2.3x | 37.5x | 20.2x | |||
| $119M | $51M | 2.1x | 1.6x | 4.9x | 4.9x | |||
This data is available for Pro users. Sign up to see all FourKites competitors and their valuation data. Start Free Trial | ||||||||
Common questions about FourKites
| When was FourKites founded? | FourKites was founded in 2014. |
| Where is FourKites headquartered? | FourKites is headquartered in Chicago, IL, United States. |
| Is FourKites publicly listed? | No, FourKites is a private, VC-backed company. |
| What is FourKites' valuation? | FourKites was last valued at $1B in its strategic investment round in September 2022. |
| How much funding has FourKites raised? | FourKites has raised $242M across 8 funding rounds. |
| What was FourKites' last funding round? | FourKites' last funding round was a $10M strategic investment round in September 2022, led by Mitsui & Co. |
| Who are FourKites' investors? | FourKites' investors include Hyde Park Venture Partners, CEAS Investments, Harvard Business School, HPA (Hyde Park Angels), Bain Capital Ventures, August Capital, Atlas Innovate, Qualcomm Ventures, Bluestein Ventures, Zebra Ventures and 5 others. |
| What is FourKites' revenue? | FourKites' latest recorded revenue is $65M (September 2022). |
| What is FourKites' revenue multiple? | FourKites' latest valuation implies a 15.4x revenue multiple ($1B valuation on $65M of revenue). |
| Which companies are comparable to FourKites? | Companies comparable to FourKites include Altana, Bringg, Xforceplus, YH Global, Infomart and GigaCloud Technology. |
| How many companies has FourKites acquired? | FourKites has acquired 3 companies, including NIC-place, Haven and TrackX Holdings. |
See companies similar to FourKites
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




