GLP and Ascot Group supplied series A funding for goods-tracking technology provider Parsyl that will support recruitment and technology development.

US-based supply chain monitoring technology provider Parsyl secured $15m yesterday in a series A round led by logistics center operator GLP that included commercial insurance provider Ascot Group.

Parsyl offers an internet-of-things platform enabling insurance firms to monitor perishable goods as they pass through the supply chain in order to inform the policies that they offer. The funding will go to technology development and hiring as it prepares to extend its service into more US states.

The company is an…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?