ESP Logistics Technology (ESP), a cloud-based geospatial platform, recently raised $5 million in a Series-A round of funding, with Japan Post Group as the lead investor.
Talking about their fundraiser, Jonathan Rosenthal, Co-Founder and CEO, of ESP said, “The last three years have highlighted significant vulnerabilities within the supply chain. Many of the issues impeding the flow of goods can be solved through sharing information between service providers, from the factory to the 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.”
Dan Pimentel, co-founder and President / CFO, ESP said, “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. 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.”
When asked about the stakeholders of Japan Post Capital, their President, Toshiya Maruta, said, “As a member of the 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. The synergy in our vision to support international logistics laid the foundation of this association and investment.”