By ET Bureau - February 02, 2023 1 Mins Read
Craft Co., a startup specializing in enterprise supply chain intelligence, announced today that it has closed a USD 32 million equity financing round led by BAM Elevate, the venture capital arm of Balyasny Asset Management LLC.
Numerous additional investors joined the Series B round, including Frederic Kerrest, co-founder and executive vice chairman of Okta Inc., Greycroft, Uncork Capital, High Alpha, ServiceNow Ventures, Point Field Partners, Stacey Epstein, chief marketing officer of Freshworks Inc., and Edith Harbaugh, co-founder and CEO of LaunchDarkly Inc.
The funds from the round, according to Craft, will be used to deepen its go-to-market execution strategy in key verticals and speed up its research and development efforts to increase the platform’s functionality.
Read More: Supply chain visibility platform Craft raises $32M in Series B funding
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