RM2 International, Inc. announced that it has received $150 million in funding from OIC, L.P.
July 13, 2023
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RM2 International, Inc. announced that it has received up to $150 million in a round of funding on July 14, 2023. The transaction included participation from new investor OIC’s Credit Opportunities Fund III a fund managed by OIC, L.P.
RM2 International, Inc. is the owner and operator of the BLOCKPal, a technologically advanced, composite pallet. The Company provides its customers with end-to-end logistics Intelligence Optimization & Tracking (RM2 ELIoT) Internet of Things (IoT) technology for pallet traceability, delivering real-time actionable insights and data to improve the supply chain visibility to the manufacturing and distribution businesses it serves. The BLOCKPal pallets are provided to customers across a range of industries, with a particular focus on those where hygiene and traceability are of critical importance. Its IoT sensor data are transmitted to the cloud via the long-term evolution-machine (LTE-M) network, making visible the palletâs location and condition both indoors and in transit without requiring any additional hardware or information technology (IT) development. The Companyâs RM2 ELIoT is a cloud-based supply chain intelligence platform. It issues more than 1.5 million pallets annually.
RM2 INTERNATIONAL, INC. 
