Thursday, February 14, 2019

Tech Coast Angels Hails Exit At CaseStack

The Tech Coast Angels said this morning that its members said a 16x return from their investment in CaseStack, the logistics and supply chain company led by Dan Sanker, after its acquisition last year for $255M. CaseStack as acquired by Hub Group, Inc. in November of 2018. According to the Tech Coast Angels, this is the company's sixth highest ever. The Tech Coast Angels were investors in CaseStackf or nearly 15 years. CaseStack develops a software-as-a-service offering to provide logistics, supply chain, and less-than-load (LTL) shipping solutions to consumer packaged goods companies and warehousing firms. Sanker founded CaseStack after he saw the issues companies were having after stints at Procter & Gamble, Nabisco, Deloitte, as well as a food company of his own. The Tech Coast Angels' Bill Collins was co-deal lead on the investment, along with the late Bill Hahn. The group invested in the $470,000 Series A funding for CaseStack all the way back in 2003.

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