Shippeo Raises $30 Million to Accelerate North American and APAC Expansion

Shippeo, a Paris-based leader in real-time multimodal transportation visibility, has secured $30 million in a strategic funding round led by Woven Capital, Toyota’s growth fund. Existing investors, including Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good, and Yamaha Motor Ventures, also participated, bringing Shippeo’s total funding to over $140 million. This investment aims to support Shippeo’s accelerated expansion across North America and the Asia-Pacific (APAC) region, as well as enhancements to its Real-Time Transportation Visibility Platform.

Founded in 2014, Shippeo provides real-time shipment tracking across all transport modes, enabling companies to build sustainable and resilient supply chains. The platform offers precise tracking and predictive estimated times of arrival (ETAs) by integrating with over 228,000 carriers and 1,100 systems, including transportation management systems and enterprise resource planning tools.

In North America, Shippeo has experienced significant growth, with a 40% increase in customers, a 92% rise in shipments tracked, and a 210% year-over-year revenue growth. Notable clients such as Amazon, Lassonde Industries, and Yamaha Motor North America have joined Shippeo’s roster, attracted by the platform’s data quality and strategic partnerships with companies like e2open, Google, and SAP.

The APAC region has also seen robust expansion, with a 53% year-over-year increase in customer base and a 64% rise in tracked shipments. Shippeo recently launched tracking capabilities in Mainland China, enhancing its solutions in complex logistics environments. Prominent customers in APAC include Arlanxeo, Evonik, Fujifilm, and Philip Morris International.

Pierre Khoury, CEO of Shippeo, stated, “This fundraising round is a strong vote of confidence in our team and vision. We are thrilled to welcome Woven Capital alongside the unwavering support of our existing investors.” He emphasized that the investment strengthens Shippeo’s financial position, enabling the company to deliver long-term value to customers and partners while expanding its footprint in North America and APAC.

Prashant Bothra, Principal at Woven Capital, who will join Shippeo’s Board of Directors, highlighted the importance of real-time transport visibility in managing global supply chain complexities. He noted that Shippeo’s platform empowers businesses to proactively address disruptions by transforming fragmented operations into streamlined, data-driven processes across all transport modes.

With this latest funding, Shippeo is poised to enhance its Real-Time Transportation Visibility Platform further and expand its global reach, offering businesses the tools needed to navigate the complexities of modern supply chains effectively.