Shippeo, a Paris, France-based company which specializes in real-time multimodal transportation visibility, raised $30M in funding.
The round was led by Woven Capital, with participation from existing investors Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good, and Yamaha Motor Ventures.
The company intends to use the funds to support its expansion across North America and APAC while driving enhancements to its real-time transportation visibility platform.
Led by CEO Pierre Khoury, Shippeo is a real-time multimodal transportation visibility company allowing shippers and logistics service providers to build supply chains. By enabling Transport Process Automation™, it streamlines transportation processes, optimizes logistics costs, and enhances customer experience. Its network integrates with over 228,000 carriers and 1,100 TMS, telematics and ELD systems, offering instant access to real-time tracking for all transport modes via an intuitive platform. A machine learning algorithm ensures unmatched shipment ETA accuracy, allowing businesses to anticipate issues, proactively manage exceptions, collaborate efficiently, and reduce transport-related greenhouse gas emissions.
Customers, including global brands such as Ahold Delhaize, AkzoNobel, Amazon, Barilla, Coca-Cola HBC, Heineken, Kuehne+Nagel, L’Oréal, LVMH, Renault Group, and Saint-Gobain, use it to track more than 90 million shipments annually across 150 countries.
With this round, Shippeo’s total funding exceeded $140 million.
FinSMEs
15/01/2025