Edison Ventures Leads Series A Investment in LogFire
Summary
Edison’s $6.25 million investment will accelerate company growth, drive innovation, and strengthen efforts to further penetrate the cloud-based supply chain market globally across diverse industries. “The LogFire team has a great combination of deep consumer goods and retail domain expertise and an already impressive track record of not only developing relationships with logistics leaders around the globe, but also helping them become more nimble so they can react to market changes quickly, said Joe Allegra, General Partner at Edison Ventures, who is joining the board of directors of LogFire. “Edison shares a commitment to our vision and we value their unique partnering approach, which will help us capture our vast market opportunity and innovate ahead of the competition.” LogFire marks Edison’s 46th investment by its Enterprise 2.0 practice, which focuses on security and cloud leaders that automate core business processes and solve infrastructure challenges. Current Enterprise portfolio companies include Billtrust, Kemp Technologies, MotionSoft, Neat, NSi, Operative and VFA. Its long-tenured team, based in Lawrenceville, NJ, New York, NY, McLean, VA and Cleveland, OH, currently manages more than $850 million in active investments throughout the eastern United States.
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