Shippeo: A Leader in Real-Time Transportation Visibility

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Shippeo Co-Founders Pierre Khoury (left) and Lucien Besse. Picture: Shippeo
Shippeo has raised US$30m in its latest funding round led by Woven Capital, helping the firm to accelerate its growth in North America and APAC

Shippeo is fast establishing itself as a prominent provider of real-time multimodal transportation visibility.

The firm has raised US$30m in its latest funding round led by Woven Capital, the investment arm of Toyota, with additional backing from existing investors including Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good and Yamaha Motor Ventures.

The cash injection brings Shippeo's total financing to more than US$140m and stands to accelerate its growth in North America and the Asia-Pacific (APAC) region. It will also support improvements to its Real-Time Transportation Visibility Platform, a market-leading tool designed to help businesses optimise supply chain operations.

Pierre Khoury, CEO at Shippeo, describes the funding round as "a strong vote of confidence in our team and vision."

Pierre Khoury, CEO at Shippeo

He adds: "We are thrilled to welcome Woven Capital alongside the unwavering support of our existing investors. This investment strengthens our financial position, already having one of the strongest balance sheets in our category, enabling us to deliver long-term value to our customers and partners while expanding our footprint in North America and APAC."

A strong global presence

Shippeo’s platform provides real-time tracking across various modes of transport, enabling companies to build more resilient and sustainable supply chains. Its tools allow businesses to analyse carbon footprint data and make informed choices between different carriers and modes of transport, reducing logistics-related emissions.

In response to ongoing disruptions in global supply chains, Shippeo has prioritised advanced transportation risk management capabilities, focusing on delivering high-quality data and customer-centric innovation to stand out in the competitive logistics technology space.

Shippeo has already established a strong presence in more than 150 countries, tracking more than 90 million shipments annually. Its expansion into North America has gained significant traction, with strategic partnerships involving key players like e2open, Google and SAP.

These efforts have resulted in a 40% increase in customers in the region, a 92% rise in tracked shipments and a 210% year-on-year revenue growth. High-profile clients in North America now include Amazon, Lassonde Industries and Yamaha Motor North America.

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With the US market for visibility solutions becoming increasingly competitive as it matures, many companies are switching providers due to concerns over data quality. Shippeo's focus on reliable and actionable insights has positioned it as a trusted choice for businesses aiming to address supply chain disruptions effectively.

Meanwhile, Shippeo has also seen rapid growth in APAC, expanding its customer base by 53% year-on-year and increasing shipments tracked by 64%. The recent introduction of tracking capabilities in mainland China further strengthens its ability to support businesses in complex logistics environments.

Notable customers in APAC include Arlanxeo, Evonik, Fujifilm and Philip Morris International, reflecting the company’s ability to serve a diverse range of industries.

Leading the market with innovative solutions

Shippeo’s advanced platform is widely recognised by industry analysts and customers alike.

The company was recently named a Leader in the 2024 Gartner Magic Quadrant for Real-Time Transportation Visibility Platforms and recognised as a Customers' Choice in Gartner's 2023 Voice of the Customer report, having achieved the highest customer recommendation rate on Gartner Peer Insights four years in a row. 

What's more, Shippeo has been highlighted as a Leader in G2’s Winter 2024 Grid Report for Supply Chain Visibility for the 13th consecutive time. 

Prashant Bothra, Principal at Woven Capital and newly-appointed Shippeo board member

"Global supply chains are facing unprecedented complexity and real-time transport visibility is essential for building resilience," adds Prashant Bothra, Principal at Woven Capital and newly-appointed Shippeo board member. 

"Shippeo’s platform empowers businesses to proactively address disruptions by transforming fragmented operations into streamlined, data-driven processes across all transport modes, offering precise tracking and predictive ETAs at scale—capabilities that would be resource-intensive to develop in-house. We're excited to support Shippeo’s journey to accelerate digitisation while enhancing cost efficiency, planning accuracy and customer experience across the supply chain."

With strong financial backing, growing global footprint and a consistent focus on innovation, Shippeo is well-positioned to continue its upward trajectory, delivering value to its clients and reshaping supply chain visibility standards worldwide. 


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