Thursday, February 25, 2021

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Shippeo: Raises $32M in Funding

  • Shippeo, a Paris, France-based real-time transportation visibility (RTTV) company, raised $32m in funding
  • Backers included Battery Ventures, and existing investors NGP Capital, ETF Partners, Partech, and Bpifrance Digital Venture
  • The company will use the funds to strengthen its position and continue delivering on product innovation
  • Shippeo provides a software-as-a-service (SaaS) platform, an API that integrates with hundreds of transportation management systems as well as telematics products
  • The solution empowers customers to control their supply chain efficiency, offering companies the ability to consolidate customer loyalty
  • Despite the global economic impact of Covid-19, Shippeo has more than doubled its subscription revenues year on year

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