Engagement — Platform Due Diligence
Code & Co. advises TCV on tech & product due diligence in its investment in FarEye, a leading end-to-end, global delivery management platform
Founded in the year 2013, FarEye’s sophisticated platform is used by brands to launch and champion multiple delivery models like same-day, next-day, on-demand, and curbside from multiple inventory locations.
Today FarEye serves global enterprises across retailers, manufacturers and third-party logistics providers and carriers, including DHL ecommerce, Amway, Dominos, Walmart, Posti, Gordon Foods, UPS, and more. Each month, the company’s platform processes over 100 million transactions, supports more than 25,000 drivers, and is integrated into a network of over two million vehicles.
To support FarEye’s continued global expansion, TCV led a Series E investment round together with Dragoneer Investment Group.
For more than 25 years, TCV has helped build industry-leading companies by creating long-term relationships with CEOs and founders of businesses that have achieved product-market fit and are ready to scale. Since its inception in 1995, it has invested over $15 billion in leading technology companies, including Airbnb, Expedia, Facebook, Fandango, GoDaddy, Netflix, and Peloton.
Code & Co. provided Tech & Product Due Diligence ahead of the growth investment, taking an in-depth look at FarEye’s architecture, product roadmap, and technical growth strategy. Code & Co. also evaluated the company’s highly modular, cloud-native and low-code platform, which allows clients to build individualized workflows to suit their unique delivery requirements while ensuring the fastest time to value.