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Shippeo can also cover Asia with a record investment

In view of the many global challenges, the transparency of supply chains has been one of the most important topics in recent years. Shippeo, a provider of real-time multimodal supply chain transparency, is also feeling the effects of this: The company received a record investment of 40 million dollars in a recent financing round. This brings the total investment in Shippeo to $110 million.

Newcomers are the strategic investors LFX Venture Partners from Hong Kong and Yamaha Motor Ventures from Japan. Your participation will enable Shippeo to also cover the Asian region. In a conversation with dispo, Shippeo managers also spoke of the company’s interest in the Austrian market.

Over the past year, Shippeo’s valuation has grown by 70 percent. With annual subscription revenue growth of 80 percent, Shippeo has grown from a regional provider to a global leader in real-time delivery visibility over the past three years. The company has 150 enterprise-level customers worldwide, including Coca-Cola HBC, Renault, AkzoNobel, Philip Morris International and Jaguar Land Rover. At the same time, the emigration rate remained below four percent.

Shippeo’s shipper network has grown to over 150,000 participants worldwide, with active tracking of shipments in 92 countries on every continent. Shippeo also covers complex regions such as the Middle East, Africa and the Asia-Pacific region.

To accommodate this growth, the Shippeo team has tripled to over 220 employees. The company has attracted several top executives such as Anand Medepalli, who is Chief Product Officer based in London and previously worked for Blue Yonder and ServiceNow. Paris-based Chief Revenue Officer Philippe van Hove, previously at Zuora and Lacework, and San Francisco-based Chris Mazza, SVP of International Growth, formerly ClearMetal, also join top management.

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