Globe Tracker secured DKK 70 million from existing investors.

Globe Tracker, a Copenhagen, Denmark-based SAAS developer of solutions for supply chain visibility, announced that it completed a funding round of DKK 70M ($11M).

The money was raised from existing investors, including Sp/f Framherji.

Globe Tracker, founded in 2005 as a spin off from the IT University of Iceland and led by Jim Davis and Jákup Lamhauge, develops software solutions for global trade data sharing, autonomous asset tracking and monitoring, and related data analytics. . Its solution is a suite of asset visibility devices and networks and is now commercially available. The suite includes GTI’s Trade Data Exchange Network (TDEN), Smart Autonomous Asset Network (SAAN), and Globe Tracker Communications Unit. Together, they deliver the most functional, reliable and cost effective global tracking, monitoring and trade data sharing solution in the industry.