3PL Central, a developer of warehouse management software in Manhattan Beach, announced Thursday that it has received its first outside capital in the form of a $17.5 million investment from Mainsail Partners.
According to the company, the money will be used to expand the company’s product development, sales and marketing teams.
“We have great infrastructure, a great product, and great brand recognition, and Mainsail came at a great moment to accelerate the opportunities before us,” company co-founder Nancy Rohman told the Business Journal.
Rohman launched the company with John Watkins in 2006 after they could not find a system to manage the inventory and operations of their 3PL warehouse.
In a statement, Jason Payne, founding partner at Mainsail Partners, said that the equity firm was thrilled to help the pair grow their business.
“We believe that e-commerce is driving supply chain complexity and the need for sophisticated, but affordable, warehouse management solutions,” Payne said. “We believe 3PL Central is well positioned to benefit from these trends.”
Payne, along with Stephen Wolfe, a partner at Mainsail Parnters, will join the board of 3PL Central.