Position Imaging, the developer of some of the most advanced location tracking technologies in the world, today announced that it has raised $30 million via intellectual property (IP)-based debt financing. The capital was provided by GT Investment Partners (Ghost Tree Partners) and facilitated by insurance and valuation services provided by Aon plc (NYSE: AON), the financing will help drive Position Imaging's growth into the retail, hospitality, and travel markets while expanding into the EU with its global partners network. Position Imaging's Smart Package Room® and iPickup® platforms are poised to change how first and last mile ecommerce fulfillment operates, with self-service operations without inefficient, expensive alternatives like staff, lockers or robots.

Position Imaging is a tracking technology pioneer, creating some of the world's most advanced technical solutions for monitoring the physical location of goods and assets as they move throughout the logistics chain. The company's Smart Package Room platform is the most effective solution for multi-family residential, college campus, and commercial package management operations and its iPickup platform is poised to transform Click and Collect/eCommerce fulfillment operations for retailers, quick service restaurants, and throughout travel and hospitality industries.