Shippeo, a leader in real-time multimodal transportation visibility, announced a $30 million strategic funding round led by Woven Capital, Toyota’s growth fund, with participation from existing investors: Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good, and Yamaha Motor Ventures. This new funding round will support Shippeo’s accelerated expansion across North America and APAC while driving enhancements to its Real-Time Transportation Visibility Platform. With this funding round, Shippeo’s total funding exceeds $140 million.
Shippeo provides real-time shipment tracking across all transport modes, helping companies create sustainable, resilient supply chains. And its platform enables users to reduce logistics-related carbon emissions by making informed trade-offs between modes and carriers based on carbon footprint data. Shippeo has prioritized transportation risk management as a core capability, emphasizing data quality and customer-focused innovation that distinguishes its solutions.
Shippeo’s platform is trusted by brands across 150 countries, tracking over 90 million shipments annually. Shippeo’s North American expansion continues to gain momentum, driven by strategic partnerships with e2open, Google, and SAP. This region has seen a 40% increase in customers, a 92% rise in shipments tracked, and 210% year-over-year (YoY) revenue growth, with notable brands like Amazon, Lassonde Industries, and Yamaha Motor North America having joined Shippeo. As the U.S. visibility market matures, companies are increasingly looking to switch vendors, with data quality concerns being the primary driver.
In APAC, Shippeo grew its customer base by 53% YoY, and shipments tracked by 64%. And the company recently launched tracking capabilities in Mainland China, enabling robust tracking solutions in complex regions. Notable customers in the APAC region include Arlanxeo, Evonik, Fujifilm, and Philip Morris International.
KEY QUOTES:
“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. 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.”
- Pierre Khoury, CEO of Shippeo
“Global supply chains are facing unprecedented complexity, and real-time transport visibility is essential for building resilience. 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 are excited to support Shippeo’s journey to accelerate digitization while enhancing cost efficiency, planning accuracy, and customer experience across the supply chain.”
- Prashant Bothra, Principal at Woven Capital, who is joining the Shippeo board
