Descartes Systems Group Secures $138 Million in Funding to Power the Future of Global Logistics

Descartes Systems Group has reached an exciting new milestone by raising $138,000,000 in its latest funding round, a testament to the company’s leadership and innovation in the logistics technology space. Descartes (Nasdaq: DSGX) (TSX: DSG) continues to solidify its position as the global leader in on-demand, software-as-a-service solutions that empower logistics-intensive businesses worldwide. This strategic infusion of capital will enable the company to further invest in enhancing their powerful SaaS platform, which is already instrumental in helping customers to route, track, and optimize their delivery resources, as well as to improve safety, performance, and compliance in an increasingly complex logistics ecosystem. The funding will drive continued advancements in scalable, modular software solutions that support a vast array of logistics processes—from shipment planning and execution to the streamlined auditing and payment of transportation invoices. By leveraging this new capital, Descartes is poised to expand its innovative suite of global trade, customs, and security solutions, fostering even greater efficiency and sustainability within the supply chain network. With headquarters in Waterloo, Ontario, Canada, and a network of offices and partners around the globe, the company is uniquely positioned to further strengthen its global market presence, accelerate product development, and extend its collaborative multimodal logistics community. This exciting announcement underscores Descartes' commitment to not only sustaining but enhancing global logistics operations, ensuring that businesses continue to thrive in a rapidly evolving industry landscape while contributing to a more secure and sustainable future for trade and transportation worldwide.