EUR 20 million for Shippeo
The start-up Shippeo has successfully closed a EUR 20 million series B financing round. NGP Capital and ETF Partners, with participation from Bpifrance Digital Venture and Partech, are the biggest investors.
Shippeo provides forecasts and real-time visibility for goods deliveries. The AI-based platform aggregates data from hundreds of sources in real-time to calculate the estimated time of delivery with an accuracy of 98%.
Shippeo will use the assets of the serie B financing round to further strengthen its position in the European market. Its aim is to increase its customer base by a factor of five while maintaining a high level of customer satisfaction.
Furthermore, the company plans to expand its team by hiring 150 more employees in data science, IT, sales and operations and to triple its R & D investments in AI and automatisation. (mw)