Shippeo, specialized in real-time multimodal transport visibility, announced on October 24th a €40M Series C round of financing in which all its historical investors participated: Battery Ventures, Partech, NGP Capital, ETF Partners, Bpifrance Digital Venture and SAP.io alongside new strategic investors such as Hong Kong-based LFX Venture Partners and Japan-based Yamaha Motor Ventures, which will help accelerate Shippeo’s operations in the Asia-Pacific region. This brings the total investment in the company to €110M and will allow Shippeo to accelerate its global expansion.

Founded in 2014 by Pierre Khoury, Lucien Besse and David Barre, based in Paris, the company has 220 employees and offices in Lyon, Düsseldorf, London, Madrid, Milan, Rotterdam, Stockholm. Its real-time delivery tracking solution is aimed at companies and has been deployed by major global brands: Coca-Cola HBC, Carrefour, Groupe Renault, Schneider Electric, Total, Faurecia, Saint-Gobain and Eckes Granini. Its network includes more than 151,000 carriers, enabling it to track more than 28 million shipments each year in 92 countries.

Data, AI and machine learning

Shippeo provides reliable, multi-modal, real-time visibility and predictive information for supply chain transportation via its platform.

Its multimodal visibility network integrates with over 875 TMS, telematics and ELD systems. Proprietary state-of-the-art AI/ML algorithms provide unmatched ETA (estimated time of arrival) accuracy, enabling supply chain companies to quickly anticipate problems, proactively alert customers, efficiently manage exceptions with collaborative workflows, and accurately measure CO2 emissions generated by deliveries.

A constantly improving platform

Shippeo aims to become the leading fully automated and sustainable real-time transportation visibility solution worldwide, with accurate data to provide the best possible ETA in the market.

This year, Shippeo has announced several major product developments with new features and improved capabilities, such as the enhancement of the shipping visibility solution considered, according to its release, as the best solution in the market.

In addition, the company launched a new dashboard for tracking CO2 emissions from transportation and distribution activities, for both shippers and carriers. At the same time, the accuracy of the ETA for tracking shipments has been improved by +32%.

Finally, to strengthen its rail visibility solutions, Shippeo has recently partnered with Everysens, a leading provider of rail and intermodal transport management systems.

A €40 million fund raising

In the current complex macro-economic context, this important financing shows investors’ confidence in the platform’s development capabilities. Moreover, Shippeo has been recognized as the global industry leader by the G2 Fall 2022 Grid Report for Supply Chain Visibility for the fourth time in a row, thanks to a high customer satisfaction score and a large market presence.

This round of funding will enable the company to deploy its solution internationally, particularly in the Asia-Pacific region and North America, where it was launched on the market and became a partner last August of E2open, a SaaS supply chain platform.

Translated from Visibilité de la Supply Chain : Shippeo annonce une nouvelle levée de fonds de 40 millions d’euros