FourKites, Inc. announced that it has received $100 million in funding from a group of investors
March 23, 2021
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On March 24, 2021, FourKites, Inc. closed the transaction. The company received $100,000,000 led by new investor Thomas H. Lee Partners, L.P. The transaction included participation from new investors Qualcomm Ventures LLC, Volvo Group Venture Capital AB and Zebra Technologies Corporation (NasdaqGS:ZBRA). The transaction included participation from returning investors August Capital Master Management Company, LLC, CEAS Investments I, LLC, Hyde Park Angels, Hyde Park Venture Partners and Bain Capital Venture Partners, LLC. As a part of transaction, Mike Kaczmarek of Thomas H. Lee Partners, L.P. will join board of directors of the company. The company raised $96,120,119 from 17 investors pursuant to exemption provided under regulation D.
Zebra Technologies Corporation specialises in the design, manufacture and marketing of automatic identification and data capture technology systems. The products are mainly intended for the distribution, e-commerce, transportation, logistics and healthcare sectors. Net sales break down by category of products as follows:
- visibility and mobility systems (70%): mobile terminals (ruggedized computers, tablets, mobile radio transceivers, RFID readers, point-of-sale systems, interactive kiosks, etc.);
- product information and traceability systems (30%): barcode printers and scanners, card printers, RFID label printers and encoders, printing consumables (thermal transfer labels, receipt paper, ribbons, plastic cards, RFID tags, etc.) and location solutions.
Net sales by source of income are divided between sales of products (85%) and sales of services and software (15%).
At the end of 2022, the group operates 117 production sites worldwide.
Net sales are distributed geographically as follows: the United States (31.8%), North America (18.7%), Germany (16.4%), Europe/Middle East/Africa (16.8%), Asia/Pacific (10.5%) and Latin America (5.8%).
ZEBRA TECHNOLOGIES CORPORATION 
