Vantage Point Logistics Receives $9.5 Million in Funding Led by Radian Capital
COLUMBUS, Ohio, Feb. 6, 2019
COLUMBUS, Ohio, Feb. 6, 2019 /PRNewswire-PRWeb/ -- Vantage Point Logistics (VPL), a leader in supply chain technology solutions, today announced a $9.5 million round of investment funding led by Radian Capital.
Recognized as one of the fastest growing companies in America, VPL delivers leading-edge technology solutions to healthcare and academic institutions resulting in significant expense reductions and unparalleled visibility along the supply chain. This new funding will enable VPL to further develop its best-in-class technology and expand the team to support the company's rapid growth.
"VPL is very excited to welcome Radian Capital to our team. Having the financial and strategic support of experienced technology investors like Radian validates VPL's market opportunity and fuels our momentum," said Rob Doone, CEO of VPL. "We are well positioned to realize our long-term vision for the industry as we expand our technology platform to deliver visibility, efficiency, and control across the entire continuum of care, thereby lowering costs and improving the quality of healthcare."
Supply chain management is one of the largest cost drivers for organizations that transport goods at a large scale. VPL's suite of full-service (VPL AdvanceTM) and self-service (VPL SurpassTM) products, helps healthcare providers significantly reduce their freight expenses thereby contributing to their overarching mission of delivering high quality, affordable patient care. This funding will accelerate VPL's development of technology that will allow a health system to follow products from the manufacturer all the way to the final point of patient care, providing the visibility required to eliminate waste and lower overall costs.
"VPL has grown over 350 percent in the past two years to become the leader in freight management software, and we believe this investment will help them accelerate their vision of building end-to-end visibility solutions for the broader healthcare supply chain," said Aly Lovett, a Partner with Radian Capital. "We look for innovative, disruptive technology companies that solve real customer pain points, led by exceptional management teams with deep domain expertise. We are excited to be a part of VPL's future growth."
Founded in 2011, VPL provides customized freight management solutions for healthcare and academic institutions. With years of experience, leading-edge technology and proactive account management, VPL is dedicated to making supply chains smarter, easier and better. VPL is headquartered in Columbus, Ohio. For more information, visit http://www.vantagepointlogistics.com.
About Radian Capital
Founded in 2016 and headquartered in New York City, Radian Capital is a $150 million growth equity fund focused on software and technology-enabled services. Radian partners with strong management teams and systematically accelerates growth by assisting adoption of next generation sales and marketing, data science, and operational best practices. Radian partners have previously invested in numerous fast-growing SaaS companies including Emailage, Britecore, and Blueday. For more information, visit http://www.radiancapital.com.
SOURCE Vantage Point Logistics