Shippeo, a Paris, France-based provider of a supply chain visibility platform, secured €10m in Series A funding.
The round was led by Partech Ventures and Otium Venture.
The company intends to use the funds to develop its service in Europe, implement new interfaces, and strengthen the team with 40 new hires.
Founded in 2014 by Pierre Khoury, CEO, Shippeo provides a supply chain visibility platform that enables large companies to track road transport flows in real-time. The real-time transport visibility platform provides shippers, carriers and 4PLs instant tracking of every delivery, and enables proactive communication with end customers.
Shippeo tracks more than 40,000 deliveries per month throughout Europe for customers such as Leroy Merlin, Saint-Gobain, and Faurecia, and connects to more than 600 carriers.