Ann Arbor’s LLamasoft Receives $50M Investment from Goldman Sachs

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Ann Arbor-based supply chain software developer LLamasoft has secured a $50 million financing agreement with affiliates of New York-based Goldman Sachs. Additional financial terms of the transaction were not disclosed.

“We have been impressed by the number and scale of global organizations that have successfully deployed LLamasoft to date, particularly given the very limited use of outside capital,” says Jason Kreuziger, vice president in the merchant banking division of Goldman Sachs.

Kreuziger says as part of the investment, Goldman Sachs’ will have a seat on LLamasoft’s board. He says the outlay represents one of the largest recent investments in a Michigan technology company. Earlier this month, Plymouth Township-based Delphinus Medical Technologies Inc. secured nearly $40 million in venture capital funding.

Llamasoft provides supply chain design, analytics, and planning solutions, offering companies the ability to model and simulate their supply chain operations. Clients include McCormick & Co Inc., Land O’Lakes, and Cardinal Health, among others in sectors such as automotive, manufacturing, and pharmaceutical.

“The capital will help us accelerate our innovation and enable us to better partner with our clients on new business solutions,” says Don Hicks, CEO of LLamasoft. “Goldman Sachs’ business experience will also provide professional guidance and strategy for our continued growth.”

Nike Inc. also made a minority investment in Llamasoft in 2012.

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