LLR Partners has introduced funding in Magaya Corporation, a provider of warehouse, cargo and supply chain control software program answers.
Founded in 1999, LLR Partners is a middle-market non-public fairness firm with extra than $three.5 billion raised across five budget. The organization’s investments are centered mainly at the generation, healthcare and services organizations.
“The Magaya team has built a complete transport, warehousing, and accounting answer, similarly greater through international-elegance services,” David Reuter, Partner at LLR Partners, said in a press release. “In addition to their era, the breadth of Magaya’s attain turned into mainly awesome, presently prolonged to over 1, six hundred customers of all sizes working worldwide delivery routes throughout extra than seventy-five nations. We are excited to help Magaya continue to invest in their growth, decorate their answer services and expand the organization’s footprint.”
Magava changed into founded in 2001 via co-CEOs Jose Yoniel Garcia, Jesus David Rodriguez, and Gabriel T. Ruz, Jr. The corporation enables automate and improve enterprise operations for freight forwarders, 0.33-party logistics, wholesalers, and distributors around the arena. Its software program permits clients to procedure orders, manipulate and optimize their warehouse, and method shipments with accounting and communique capability. The corporation’s supplying consists of aid and software schooling to assist deliver cost reduction, lessen threat thru the IT lifecycle, and increase productivity.
“We had been committed to locating a companion who understood our marketplace and gives up patron, and could help us grow,” the three Co-CEOs of Magaya stated in a joint announcement. “LLR’s track file of scaling software businesses much like us in length, coupled with their enjoy running without delay with enterprise operations answers for distributors, made the team the clear partner of choice for Magaya.”
As part of the funding, Reuter will be part of the Magaya Board of Directors alongside Michael Pantilione, vice president at LLR Partners.