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Shippeo raises €29 million to enhance logistics data quality

Shippeo, a French company specializing in real-time visibility for multimodal transportation, offers a platform that enables businesses to track their shipments across 150 countries. Founded in 2014, the company has grown by providing tools to optimize supply chains, reduce operational costs, minimize delays, and lower environmental impact. By tracking over 90 million shipments annually, Shippeo addresses critical challenges faced by industries under significant economic and logistical pressures.

A platform focused on data and sustainability
Shippeo delivers accurate delivery time estimates (ETAs) through advanced algorithms and consolidated data from multiple sources. The platform also helps businesses measure and reduce their carbon footprint by enabling comparisons between different transport modes and providers. This ability to transform fragmented data into actionable insights meets the growing demand from companies seeking efficiency and resilience.

Priorities aligned with current challenges
In response to global supply chain disruptions, Shippeo has enhanced its risk management capabilities. Data quality, often overlooked in logistics, is central to these improvements. Companies like Amazon, Yamaha Motor North America, and Lassonde Industries rely on the platform to anticipate disruptions and secure large-scale operations.

€29 million to accelerate expansion
On January 15, 2024, Shippeo raised €29 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. This round brings the company’s total funding to €132 million. The new capital will enable Shippeo to expand its activities in North America and the Asia-Pacific region.

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