Everstream Analytics – a global supply chain insights and risk analytics company – announced the closing of a $50 million Series B funding round co-led by Morgan Stanley Investment Management as part of its 1GT private equity platform and StepStone Group with participation from existing investor Columbia Capital.
The company helps demonstrate compliance with supply chain due diligence regulations around the world like the Uyghur Forced Labor Prevention Act (UFLPA) and also helps drive emissions reduction through intelligent logistics recommendations. These actions enable Everstream to continue to outpace and out-innovate its competitors while delivering unmatched value to clients.
Plus the company has a proven track record of significantly reducing the time and effort required to map a supply chain at the n-tier level. And with a vast proprietary database and advanced data science and meteorological expertise, Everstream provides deeper predictive capabilities in areas like climate, that other providers cannot.
Everstream’s proprietary data also fuels the World Economic Forum’s Value Chain Barometer to help manufacturing and supply chain companies and governments anticipate and navigate supply chain risk and disruption.
What the funding will be used for: The capital raised will fuel Everstream’s cutting-edge supply chain risk and performance insights. And with a focus on informing strategic decisions across all supply chain functions, Everstream’s technology drives operational excellence, delivers strong financial returns, and builds lasting supply chain sustainability for the world’s most progressive and influential organizations.
Rapid growth: Everstream has doubled year-over-year bookings for two years in a row, celebrated a record fourth quarter in 2022, and is off to the strongest start in company history in 2023. And with Everstream, global brands like AB InBev, Whirlpool, Danone, Abbott Laboratories, Boston Scientific Corporation (BSCI), and more, have achieved up to a 30% reduction in revenue losses from disruption and 70% less time invested in managing risks.
Everstream also continues to expand its robust partner ecosystem. And with market-leading collaborators such as SAP, Accenture, tive, Oracle, project44, Deloitte, FourKites, infor, BlueYonder, Kinaxis, Bain & Company, Camelot, and others, Everstream’s industry-shifting insights and recommendations are reaching the right people when and where strategic supply chain decisions are made.
KEY QUOTES:
“2023 has already been momentous for Everstream, and we’re not even through the first half. This funding comes when we are doubling down on our product innovation and executing rapidly and decisively to advance supply chain sustainability, which is more critical now than ever. I’m grateful to our customers, investors, partners and team for their trust and collaboration as we champion this modern-day supply chain revolution.”
— Julie Gerdeman, CEO of Everstream
“Everstream is helping companies around the world make measurable, meaningful progress in emissions reduction. Our platform is exclusively for companies that provide products or services to address time-critical carbon impact issues while meeting fiduciary obligations to their investors. Everstream supports this goal by helping sustainable supply chains remain profitable while reducing emissions and we’re excited to see how the company grows to further achieve this mission.”
— Vikram Raju, MSIM’s Head of Climate Investing and the 1GT Platform
