Weeks after laying off workers, supply chain startup FourKites has raised $30 million as part of an ongoing financing round, according to documents filed with the U.S. Securities and Exchange Commission. The filing indicates that FourKites hopes to close the round with $80 million in capital, a substantially smaller amount than the company’s previous round, which landed at around $100 million.
FourKites didn’t respond to repeated requests for comment.
FourKites, whose customers at one time included Coca-Cola, AB InBev and Walmart, tracks and helps manage freight shipments across road, rail, ocean, air and parcel. In an interview last year, CEO Matt Elenjickal told me that the idea for FourKites evolved from his time as a supply chain consultant, where he worked with enterprises that often struggled with the need for basic supply chain visibility.
FourKites is by most appearances successful, having grown its network to o …
