Actus des entreprises

Shift4Good Strengthens Partnership with Shippeo Through Follow-On Investment in $30M Strategic Round to Drive Impactful Global Expansion

Paris, France – January 15, 2024: Shift4Good, a global impact investment fund dedicated to decarbonizing transportation, has announced a follow-on investment in its portfolio company, Shippeo, as part of a $30 million strategic funding round.

Led by Woven Capital, Toyota’s growth fund, the round included participation from Shift4Good alongside existing investors such as Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, and Yamaha Motor Ventures. This funding will accelerate Shippeo’s expansion across North America and APAC while enhancing its industry-leading Real-Time Transportation Visibility Platform.

Since Shift4Good’s initial investment, Shippeo has collaborated closely with the fund to create and implement a tailored Impact Plan. This plan establishes measurable KPIs to track progress in reducing carbon emissions and driving sustainability in logistics. Developed within the framework of Shift4Good’s Article 9 designation under the EU’s SFDR, the Impact Plan ensures alignment with the fund’s rigorous standards for sustainable investing. Shippeo has consistently exceeded its impact KPIs, demonstrating its commitment to meaningful environmental impact and industry leadership.

Decarbonizing Supply Chains Through Innovation

Global supply chains face increasing complexity, with sustainability and resilience at the forefront of business priorities. Shippeo’s cutting-edge platform addresses these challenges by offering real-time shipment tracking across all transport modes. The solution empowers companies to make informed trade-offs between modes and carriers, reducing logistics-related carbon emissions.

In 2023 alone, Shippeo’s visibility tools helped save nearly 40,000 tons of CO2 emissions—equivalent to the annual emissions of 4,000 French citizens. This achievement underscores the critical role of innovative technologies in decarbonizing transportation.“Shippeo exemplifies the transformative impact that innovation can have in tackling climate challenges. Their solutions enable companies to decarbonize their supply chains while driving operational efficiency, a win-win for the environment and business,” said Matthieu de Chanville, Co-Founder and Managing Partner at Shift4Good.

Accelerating Global Growth

Shippeo’s platform is trusted by global brands in 150 countries, tracking over 90 million shipments annually. Its expansion in North America has seen a 40% increase in customers, a 92% rise in shipments tracked, and a 210% YoY revenue growth, driven by strategic partnerships with e2open, Google, and SAP.

In APAC, Shippeo has expanded its customer base by 53% YoY and shipments tracked by 64%, including a recent rollout of tracking capabilities in Mainland China. Notable customers in the region include Arlanxeo, Evonik, Fujifilm, and Philip Morris International.

SOURCE: SHIFT4GOOD