PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

PayCargo raises $130m in Series C Round led by Blackstone Growth

Logistics payments and data infrastructure platform PayCargo has secured a new investment of up to $130 million from funds managed by Blackstone Growth (BXG).

BXG’s investment will support the company’s continued expansion both domestically and internationally, development of new products, as well as potential growth opportunities through M&A.

Blackstone, through its private equity, infrastructure, and real estate businesses, has invested significantly in the broader logistics, supply chain, and e-commerce space, including acquiring a leading port operator in North America and over 1.1 billion sq ft of warehouse assets globally.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured