Paris, November 16, 2017: Shippeo, creator of a supply chain visibility platform that enables large companies to track road transport flows in real-time, announces a €10 million Series A round led by Partech Ventures and Otium Venture. This new round comes only 18 months after its first round of funding of €2 million, led by Otium Venture.
A strategic step to further develop its service in Europe
The partnership with Partech Ventures will allow Shippeo to accelerate its development in the following areas:
Bringing B2B manufacturing and retail expectations closer to the standards generated by B2C
The digitalization of road freight transport has become one of the main levers to improve quality of service, customer satisfaction and operational excellence for manufacturers and retailers.
Shippeo helps leading Supply Chains deliver exceptional customer service. By having instant visibility of every delivery, companies can proactively communicate with end-customers to alert them of any delays or delivery issues. Carriers also benefit from Shippeo since the platform connects to their customers' transport management systems, which enables automatic data interchange and thus significant productivity gains and improved quality of service.
"Real-time Supply Chain visibility has become the central theme for those in the road transport sector looking for optimizations through better data integration from different stakeholders," says Pierre Khoury, co-founder and CEO of Shippeo. He adds that: "this new capital increase will allow Shippeo to accelerate its international business development while maintaining strong R&D investments. The reputation of Partech Ventures and its vast experience in international development will be major assets in the implementation of our ambitious growth strategy "
"Shippeo greatly impressed us by the quality and maturity of its technology and the quality of its customers: they work or are in discussion with more than half of the top 120 French manufacturers and retailers. We have never seen such a dynamic in a young company. In addition, all customer feedback is remarkable from every point of view," says Philippe Collombel, Managing Partner of Partech Ventures, adding that “the management team has the potential to position Shippeo as the leading data interchange platform for road transport in Europe”
About Partech Ventures:
Founded in 1982 in Silicon Valley, Partech Ventures is a global investment firm with a team spread across offices in Paris, Berlin and San Francisco. Most Partners have been entrepreneurs themselves or have held management positions within tech companies. The partnership acts and invests as a single team, helping entrepreneurs build fast-growing tech and digital companies addressing large markets across multiple continents. Partech Ventures partners with entrepreneurs at the seed (Partech Entrepreneur), venture (Partech International) and/or growth (Partech Growth) stages. Companies backed by Partech Ventures have completed 21 initial public offerings and more than 50 major M&A transactions with leading international companies. Since 2012, the team has built a pioneering business development platform fostering synergies and business relationships between entrepreneurs and strategic partners.
Otium is a VC fund with €200M under management, investing in early-stage startups (from €500,000 to €5M). Otium bases its investment thesis on the major technological and societal changes that are contributing to the emergence of the initiative-focused creative society.
Otium invests both in tech startups (Otium Venture) and in startups building direct-to-consumer brands (Otium Consumer).
Since its inception, Otium has invested more than €60 million in 23 startups, including Payfit, Comet, Octoly, Doctrine, Feed, OhMyCream and Même Cosmetics.