ESP Logistics Technology Has 1st Closing on $5.0m Series A Round with Japan Post Group As Lead Investor
LOS ANGELES, Jan. 16, 2023 (GLOBE NEWSWIRE) -- ESP Logistics Technology (ESP), a company dedicated to solving global supply chain problems through our cloud-based geospatial platform, announced that it conducted a 1st closing on its Series A financing.
LOS ANGELES, Jan. 16, 2023 (GLOBE NEWSWIRE) -- ESP Logistics Technology (ESP), a company dedicated to solving global supply chain problems through our cloud-based geospatial platform, announced that it conducted a 1st closing on its Series A financing. Japan Post Capital Co., Ltd (Japan Post Group), a company group with global logistics reach and extensive supply chain operations, led the round.
“The last three years have highlighted significant vulnerabilities within the supply chain,” stated Jonathan Rosenthal, Co-Founder and CEO of ESP. “Many of the issues impeding the flow of goods can be solved through sharing information between service providers, from the factory to consumer. This is the reason for the existence of the ESP platform”. “We enable transparency, standardization, and advanced analytics across all nodes, thereby creating a connected digital and physical supply chain.”
“ESP was formed through a partnership with Esri, the world’s dominant supplier of geographic information systems, and Gannett Fleming, a 107-year-old engineering firm,” Dan Pimentel, Co-Founder and President / CFO of ESP. “Adding Japan Post Group to this combination of industry-leading partners gives us unparalleled capabilities, enabling the expansion of our platform globally across air, ground, and sea.”
Everything in the world occupies space and time. The ability to track a person, truck, container, chassis, ship or carton through time and space has increased exponentially through technology, putting ESP at the nexus of the right time and place for ESP’s space and time network. “The ESP platform provides capabilities that enable predictive analytics, anticipation of problems with the flow of goods and the ability to take corrective action in the supply chain,” Brian Smith, Co-Founder and CPO.
“As a member of Japan Post Group, which owns Toll Group, an international logistics player, we are excited about the next phase of growth and value creation with ESP, who share our enthusiasm, vision, and commitment to international logistics,” Toshiya Maruta, President of Japan Post Capital Co., Ltd. “The synergy in our vision to support international logistics laid the foundation of this association and investment.”
About ESP Logistics Technology
ESP’s mission is to connect the global supply chain through its cloud-based geospatial platform, exponentially increasing productivity via real-time location intelligence and end-to-end visibility while reducing the environmental impact of the movement. ESP was formed through a partnership with Esri and Gannett Fleming. More information about ESP can be found at www.esplogisticstech.com.
About Japan Post
Japan Post Capital Co., Ltd is an arm of Japan Post Holdings Co., Ltd., an organization that manages companies engaged in postal, global logistics, banking, and insurance businesses to name a few. It operates through the following segments: Postal and Domestic Logistics Business, Post Office Business, International Logistics Business, Banking, Life Insurance. The Postal and Domestic Logistics Business segment handle mail and logistics businesses mainly in Japan. The Post Office Business segment offers banking, insurance, merchandising, real estate, and financial services. The International Logistics Business segment provides express, forwarding, and third-party logistics services in the global market.
About Gannett Fleming
With a 107-year track record of innovating and partnering with clients, Gannett Fleming pioneered solutions to some of the community’s most pressing infrastructure challenges. Building stronger communities start with a solid infrastructure. Gannett Fleming are leaders in resilient and sustainable planning, design, and technology that withstand the forces of a rapidly changing world. Their solutions are reshaping the architecture, engineering, and construction (AEC) industry’s future and leading it to a higher standard.
Media Contact:
Dan Pimentel: [email protected] or (240) 678-9888
