Tive, a provider of real-time supply chain visibility insights, has raised $54m in Series B funding led by AXA Venture Partners.
The round also saw participation from Sorenson Capital, Qualcomm Ventures, Fifth Wall, SJF Ventures and Floating Point Ventures as well as the existing investors RRE Ventures, Two Sigma Ventures, NextView Ventures, Hyperplane Ventures, Broom Ventures, and Supply Chain Ventures.
Tive said its supply chain visibility insights help logistics professionals actively manage their in-transit shipments’ location and condition.
With Tive, shippers, carriers and logistics service providers (LSPs) eliminate delays, damage and shipment failures. Tive’s solution provides data generated by its industry-leading trackers allowing clients to actively optimize their shipments, improve their customers’ experience, and unlock supply chain insights in an actionable real-time manner, the company said.
In 2021, Tive said its revenue grew by over 300%, it acquired more than 200 new customers and expanded its global footprint. This latest investment will fuel the copmany’s rapidly growing international presence, with the expansion of global sales and marketing initiatives. In addition, it will accelerate the development and introduction of next-generation solutions, services and bring actionable supply chain intelligence and 24/7 monitoring to the market.
Krenar Komoni, founder and CEO of Tive, said, “Tive helps supply chain and logistics professionals bring their customers to the forefront and improve the experience of their deliveries. We empower every shipper and logistics service provider with the best visibility and monitoring tools. We are committed to developing products that create a seamless experience and don’t get in the way of our customer’s daily operations.”
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