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Kayne Partners Fund leads USD50m Series B investment in KlearNow

Kayne Partners Fund, the growth private equity group of Kayne Anderson Capital Advisors, has led a USD50 million Series B Funding round in KlearNow, a smart Logistics as a Service (LaaS) specialist founded in 2018. 

Existing investors including GreatPoint Ventures, Argean Capital, and Autotech Ventures also participated along with new investor Activate Capital.

Since its USD16 million Series A funding round led by GreatPoint Ventures in January 2020, KlearNow has grown exponentially, increasing its customer base tenfold and its monthly revenue run rate by more than 50 times. During this time, US-based KlearNow has expanded into Canada, and launched its UK service in January 2021 to support UK and EU businesses operating in the post-Brexit landscape.

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