Shippeo, the global leader in real-time visibility for multimodal transportation, has announced a groundbreaking $30 million strategic fundraising round. This funding initiative was led by Woven Capital, Toyota’s renowned growth fund, and saw participation from Shippeo’s historical investors, including Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good, and Yamaha Motor Ventures. With this latest round of financing, Shippeo’s total capital raised exceeds $140 million. The infusion of funds aims to bolster Shippeo’s expansion efforts in North America and Asia while enhancing its industry-leading real-time transportation visibility platform.
Revolutionizing Transportation Visibility
platform delivers precise, real-time tracking of shipments across all modes of transportation, empowering businesses to optimize supply chains for increased resilience and sustainability. By offering detailed carbon footprint data, Shippeo enables companies to make informed decisions regarding transportation modes and logistics partners. This capability is particularly crucial amid ongoing global supply chain disruptions, where transportation risks demand innovative and data-driven solutions.
Pierre Khoury, President of Shippeo, expressed his enthusiasm: “This fundraising demonstrates the confidence placed in our team and our vision. We are delighted to welcome Woven Capital and grateful for the continued support of our historical investors. This investment strengthens our already strong financial position and will allow us to continue to deliver sustainable value to our customers and partners while expanding our presence in North America and Asia.”
Strengthening Global Supply Chains
The growing complexity of global supply chains highlights the critical importance of real-time transportation visibility. Shippeo’s platform is engineered to address this challenge, enabling businesses to proactively mitigate supply chain disruptions. Prashant Bothra, Principal at Woven Capital and the newest member of Shippeo’s board of directors, noted, “Shippeo’s platform enables companies to transition from fragmented operations to streamlined, data-driven processes. This shift improves efficiency, planning accuracy, and customer experience while delivering predictive ETAs at scale.”
By leveraging advanced tracking technologies and predictive analytics, Shippeo provides capabilities that would require significant resources to replicate in-house. This scalability makes it an indispensable tool for enterprises looking to digitize their supply chains and enhance operational efficiency.
Accelerating Global Expansion
reach is already impressive, with its platform being used in 150 countries to track over 90 million shipments annually. However, the company’s expansion efforts are poised to accelerate further. In North America, strategic partnerships with major industry players such as e2open, Google, and SAP have propelled significant growth. The region has experienced a 40% increase in customers, a 92% surge in tracked shipments, and a staggering 210% revenue growth. Prominent customers, including Amazon, Lassonde Industries, and Yamaha Motor North America, underscore the platform’s appeal.
As the U.S. transportation visibility market matures, demand for advanced solutions continues to rise, with data quality emerging as a critical factor in provider selection. Shippeo’s ability to deliver accurate and actionable insights sets it apart in this competitive landscape.
In Asia, Shippeo has also achieved remarkable success, recording a 53% growth in its customer base and a 64% increase in tracked shipment volume year-on-year. The company’s recent launch of a transportation tracking service in mainland China underscores its commitment to operating in complex environments. Key customers in the region include industry leaders such as Arlanxeo, Evonik, Fujifilm, and Philip Morris International.
Recognized Leadership and Market Trust
Shippeo’s excellence in transportation visibility has not gone unnoticed. The company was named a Leader in the 2024 Gartner® Magic Quadrant™ for Real-Time Transportation Visibility Platforms. Furthermore, Shippeo’s customers have consistently expressed high levels of satisfaction, as evidenced by the company’s top recommendation score in Gartner’s 2023 Voice of the Customer report. For four consecutive years, Shippeo has maintained the highest customer recommendation rating on Gartner® Peer Insights. Additionally, Shippeo was recognized as a Leader for the thirteenth time in G2’s Winter 2024 Grid Report for Supply Chain Visibility.
This recognition underscores the platform’s ability to deliver tangible value and drive positive outcomes for its users. By combining cutting-edge technology with an unwavering commitment to customer satisfaction, Shippeo continues to lead the way in real-time transportation visibility.
Driving the Future of Supply Chain Management
The latest round of funding is a testament to the trust and confidence that investors place in Shippeo’s mission and vision. With Woven Capital’s support and the backing of its long-standing investors, Shippeo is well-positioned to navigate the challenges and opportunities of the global supply chain landscape.
As Shippeo expands its footprint in North America and Asia, it remains committed to advancing its platform’s capabilities. By leveraging real-time data and predictive analytics, Shippeo empowers businesses to overcome supply chain complexities, reduce operational risks, and drive sustainable growth.
The company’s focus on innovation, sustainability, and customer-centric solutions ensures that it will continue to play a pivotal role in shaping the future of supply chain management. With its robust financial position and a growing list of satisfied customers, Shippeo is set to redefine the standards for real-time transportation visibility on a global scale.
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