Shippeo, a Paris, France-based provider of a multimodal supply chain transportation visibility platform, raised $40M in funding.
Backers included Battery Ventures, Partech, NGP Capital, ETF Partners, Bpifrance Digital Venture and SAP.io, LFX Venture Partners, and Yamaha Motor Ventures.
The company intends to use the funds to accelerate growth, expand partnerships and operations across Asia-Pacific.
Led by CEO Pierre Khoury, Shippeo is a multimodal transportation visibility company, enabling major shippers and logistics service providers to operate collaborative, automated, and customer-centric supply chains. Their Multimodal Visibility Network integrates with more than 875 TMS, telematics and ELD systems, enabling its platform to provide access to real-time shipment tracking across all transport modes, in a single portal, through an intuitive user experience. A proprietary, machine learning algorithm offers ETA accuracy, allowing supply chain companies to anticipate problems, proactively alert customers, efficiently manage exceptions with collaborative workflows, and accurately measure CO2 and GHG emissions from supply chain transport.
Hundreds of customers, including global brands like Coca-Cola HBC, Carrefour, Renault Group, Schneider Electric, Total, Faurecia, Saint-Gobain and Eckes Granini, use Shippeo to track more than 28 million shipments per year across 92 countries.
FinSMEs
24/10/2022