MK Capital Invests in Supply Chain Design Software Leader LLamasoft®
MK Capital announces it has led a $6.1 million investment in LLamasoft, Inc., the global leader in supply chain design software. LLamasoft enables companies to model, optimize and simulate their supply chain network, leading to major improvements in cost, service, sustainability, and risk mitigation, with unparalleled supply chain design and predictive analytics solutions.
“LLamasoft has successfully managed several years of very high growth. On top of that, LLamasoft has been investing in a number of exciting new products that enable supply chain design technology to integrate to the enterprise and to leverage cloud computing advances,” said Don Hicks, LLamasoft's Co-founder and CEO.
“LLamasoft has established itself as the clear technology and market leader in supply chain design optimization and simulation. In an environment where supply chain complexity continues to increase markedly due to globalization trends and a host of other factors, LLamasoft is especially well-positioned to help customers navigate these challenges,” said Josh Beebe, partner at MK Capital, who has joined the LLamasoft board of directors. “MK Capital is excited to be partnering with LLamasoft,” remarked Mark Koulogeorge, managing partner at MK Capital. “Our diligence revealed the proven potential for LLamasoft to help clients unlock tens of millions of dollars of value per year due to superior supply chain design.”
LLamasoft's technology powers the supply chain design activities of over 50 customers who are supported by offices in North America, Europe and Asia. “This investment by MK Capital will support further expansion and commercialization of our new products, while strengthening our financial capabilities to serve current customers even better," said Hicks.
Headquartered in Ann Arbor Michigan, LLamasoft, Inc. (www.llamasoft.com) is a leader in supply chain excellence and innovation, advancing technology focused on continuous improvement of enterprise supply chains for the world's largest organizations across a wide range of industries. Supply Chain Guru® is the leading supply chain design application available in the market today. For more information, visit www.llamasoft.com or contact firstname.lastname@example.org.
About MK Capital
MK Capital (www.mkcapital.com) is a $250 million venture capital firm with offices in Chicago, Santa Monica and Ann Arbor. The Firm provides venture capital and multi-stage growth equity to companies in the Software and Digital Media sectors. MK Capital plays a significant role with its companies, collaborating on strategy, operations, and technology as active members of the companies' boards, leveraging insights from a strong understanding of industry sectors to help their portfolio companies' growth.
Karen Buckner, 312-324-7703