We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Paris firm Shippeo raises $40 million for visibility platform

Paris firm Shippeo raises $40 million for visibility platform

New backing will support expansion across Asia-Pacific, following company’s expansion to North American in February.

shippeo Screen Shot 2022-10-24 at 1.22.42 PM.png
October 24, 2022
Ben Ames
No Comments

Logistics tech firm Shippeo has reported a $40 million venture capital round to drive the expansion of its real-time, multimodal transportation visibility platform, the firm said today.

Specifically, the funding will help ramp up operations across Asia-Pacific, thanks to backing from Hong Kong-based LFX Venture Partners and Japan-based Yamaha Motor Ventures. Those new investors were joined by existing backers Battery Ventures, Partech, NGP Capital, ETF Partners, Bpifrance Digital Venture, and SAP.io.

Paris-based Shippeo said its technology can help shippers and carriers run more collaborative, automated, sustainable, profitable, and customer-centric supply chains. That approach has become increasingly important for logistics providers to navigate a recent spike in challenges, uncertainty, and financial fallout from market disruption, Shippeo said.

The funds follow Shippeo’s move in February to launch in the North American market, expanding its North American operations and U.S. executive team.

Shippeo said that move would boost its number of secure, direct integrations with U.S.-based trucking companies, logistics providers, and ocean carriers, and help to add access to data from their terminal and port operator trading partners.

“There is no better time than now to accelerate Shippeo’s position within the North American market,” Lucien Besse, COO at Shippeo, said at the time. “Visibility data analytics is vital to helping companies proactively manage supply chain issues, especially now, as ongoing market and infrastructure challenges continue to disrupt transportation flows and reliable logistics processes.”

 

 

Technology
KEYWORDS Shippeo
  • Related Articles

    WiseTech buys New Hampshire drayage and trucking visibility software firm for $230 million

    Project44 raises $420 million in new funding for supply chain visibility tools

    Cloud logistics platform FarEye raises $100 million for Amazon-like delivery

Ben Ames is Editor at Large and a Senior Editor at Supply Chain Quarterly?s sister publication, DC Velocity.

Recent Articles by Ben Ames

U.S. regulators approve merger of Canadian Pacific and Kansas City Southern

Port of Savannah gains national market share

Norfolk Southern releases two safety plans to prevent future derailments

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Survey: most Americans unaware that truckers face shortage of parking spaces

  • Postal Service plans to seize items mailed with fake stamps

  • Best practices in logistics sustainability

  • Supply chain executives not yet seeing expected results from technology investments

  • Inflation drops again as interest rate hikes hit home, NRF says

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing