Shippeo raises 29 million euros to improve the quality of logistics data

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Shippeo, a French company specializing in real-time visibility of multimodal transportation, offers a platform allowing companies to track their shipments in 150 countries. Founded in 2014, the company has grown by providing tools to optimize supply chains, reduce operational costs, limit delays and minimize environmental impact. By tracking more than 90 million shipments per year, Shippeo responds to crucial challenges for sectors subject to strong economic and logistical pressure.

A platform for data and sustainability

Shippeo provides accurate delivery time estimates (ETA) using advanced algorithms and consolidated data from multiple sources. The platform also helps companies measure and reduce their carbon footprint by allowing them to compare different transport modes and providers. This ability to transform dispersed data into actionable information meets the growing expectations of businesses seeking efficiency and resilience.

Priorities adapted to current challenges

Faced with global disruptions in supply chains, Shippeo has strengthened its risk management functionalities. Data quality, an often overlooked issue in logistics, is at the heart of its improvements. Companies like Amazon, Yamaha Motor North America and Lassonde Industries use the platform to anticipate disruptions and secure their operations at scale.

29 million euros to accelerate expansion

On January 15, 2024, Shippeo raised 29 million euros in a strategic financing round led by Woven CapitalToyota’s growth fund. Historical investors, including Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4GoodAnd Yamaha Motor Venturesalso participated. This operation brings the company’s total financing to 132 million euros. This new contribution will allow Shippeo to expand its activities in North America and the Asia-Pacific region.