Shippeo, a Paris, France-based supply chain visibility provider, closed a €20m Series B funding round.
The round was co-led by NGP Capital and ETF Partners with participation from Bpifrance Digital Ventures and Partech.
The company intends to use the funds to continue to exèand operations and its business reach.
Led by Pierre Khoury – CEO, and Lucien Besse – COO, Shippeo provides predictive and real-time visibility into goods delivery. The AI-based platform aggregates data from hundreds of sources in real-time to calculate estimated time of arrival with 98% accuracy. Since its creation in 2014, Shippeo has scaled its operations and is now servicing more than 50 large customers across 40 countries.
The company now employs 80 people in seven different offices across Europe.