Shippeo announced a $32 million investment co-led by Battery Ventures and existing investors such as NGP Capital, ETF Partners, Partech and Bpifrance Digital Venture.
Shippeo will use the investment to strengthen its market-leading position and continue delivering on product innovation.
Shippeo, the European leader in real-time transportation visibility, has raised $71 million since launch.
Shippeo has more than doubled its subscription revenues year on year, while increasing its customer base in 2020 with major industrial brands and fourth-party logistics providers such as Kuehne+Nagel, Total, Hager or Krone.
Last October, Shippeo acquired the French company oPhone, bringing major customers in the retail and manufacturing sectors into its community. Shippeo’s total workforce has more than doubled in the last 12 months, now totaling 160 employees, of which 45 percent work in R&D.
