What Did Shippeo's US$30m Expansion Mean for Procurement?

In 2025, Shippeo, a global leader in real-time multimodal transportation visibility, secured US$30m in strategic funding to accelerate its expansion across North America and Asia-Pacific (APAC) regions.

This investment signaled enhanced opportunities to leverage advanced visibility solutions that can transform logistics decision-making and supplier management.

The funding round, led by Woven Capital, Toyota's growth fund, was supported by existing investors including Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good and Yamaha Motor Ventures.

This brought Shippeo's total public funding to more than US$140m, strengthening its position as procurement teams face mounting pressure to build resilient and sustainable supply chains.

The IT services company's platform is trusted by global brands across 150 countries, tracking more than 90 million shipments annually. Named a Leader in the 2024 Gartner Magic Quadrant for Real-Time Transportation Visibility Platforms, Shippeo enables procurement and supply chain teams to make informed vendor selections and transportation decisions based on comprehensive, real-time data.

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• Procurement and Supply Chain LIVE: The US Summit - Navy Pier, Chicago, April 21-22

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Strengthening procurement capabilities

"This fundraising round is a strong vote of confidence in our team and vision," said Pierre Khoury, CEO of Shippeo.

"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."

The enhanced financial stability meant more reliable long-term partnerships and continued platform development that supports strategic sourcing initiatives.

The funding drove enhancements across Shippeo's Real-Time Transportation Visibility Platform, enabling procurement teams to evaluate and compare different transportation modes and carriers more effectively. By incorporating carbon footprint data into supplier selection processes, procurement professionals can align logistics decisions with corporate sustainability targets whilst managing costs.

Data-driven supplier and risk management

As logistics remains a major contributor to greenhouse gas emissions, procurement teams are increasingly required to source solutions that demonstrate measurable environmental impact reduction. Shippeo's platform provides the visibility and data points necessary for procurement professionals to make evidence-based decisions when selecting logistics partners and negotiating service level agreements.

Global supply chains have faced significant disruption related to extreme weather events and climate change. Shippeo is prioritising transportation risk management as a core platform capability, enabling procurement teams to assess supplier reliability and build contingency strategies. The platform's high-quality data and customer-focused innovation support procurement's growing role in enterprise risk mitigation.

"Global supply chains are facing unprecedented complexity, and real-time transport visibility is essential for building resilience," added Prashant Bothra, Principal at Woven Capital.

"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 digitisation while enhancing cost efficiency, planning accuracy and customer experience across the supply chain."

Regional expansion and new sourcing opportunities

Through strategic partnerships with SAP, Google and e2open, Shippeo's North American expansion offered procurement teams increased access to integrated visibility solutions. Brands such as Yamaha Motor North America and Lassonde Industries have adopted Shippeo's platform, reflecting growing procurement confidence in the technology.

North America saw a 92% rise in tracked shipments, a 40% increase in customers and 210% year-on-year revenue growth. As procurement priorities shift towards resilience and sustainability, teams are increasingly switching vendors to access more thorough visibility capabilities that support strategic decision-making.

In the APAC region, Shippeo had increased shipments tracked by 64% and grown its customer base by 53% year-on-year.

The launch in Mainland China expanded procurement options for organisations with complex Asian supply chains. Key customers in APAC include Philip Morris International, Fujifilm, Arlanxeo and Evonik, demonstrating the platform's applicability across diverse procurement environments.

Where are they now?

Since its latest round of funding, Shippeo formed a strategic partnership with Elemica, a global leader in supply chain management. 

Its Real-Time Transportation Visibility Data-as-a-Service became available as an SAP endorsed app, demonstrating its increasing value to the industry and the quality service it provides. 

In November 2025, it revealed Shippeo AI, a new intelligent layer to its platform which delivers instant action and reliable real-time insights. As AI has become more of a tool across logistics, Shippeo demonstrated how it can help leaders solve difficult supply chain problems.

In 2026, accurate visibility is the driving force behind supply chain resilience and efficiency, which is what makes Shippeo's ongoing growth more impactful.