G-LOG RECEIVES $17 MILLION IN FUNDING

G-LOG RECEIVES $17 MILLION IN FUNDING    G-Log, based in Shelton, Conn., a provider of collaborative logistics services, said Friday it had secured more than $17 million in a series D round of funding led by Pilgrim Baxter & Associates, an asset management firm based in Wayne, Penna.
   G-Log’s investors in this and previous rounds of funding include Dain Rauscher Wessels, Apodaca, Stanford University, Mayfield, New Meadows Venture Partners, FBR Technology, and Banc of America Securities.
   The two-year-old company, now employing more than 250 people, has customer and partner relationships with FedEx Corp., United Airlines, Eastman Chemical, Exel Logistics, DuPont, and Kimball International.
   G-Log’s developmental center is based in King Of Prussia, Penna.