Tive, a technology player in the new era of supply chain and logistics visibility, has announced the closing of a US$54 million Series B funding led by AXA Venture Partners, with the participation of various investors.
In 2021, Tive grew its revenue by over 300%, acquired more than 200 new customers and expanded its global footprint, according to a statement.
This latest investment will help Tive grow its international presence, with the expansion of global sales and marketing initiatives. Additionally, Tive believes 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.
“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,” said Krenar Komoni, founder & CEO of Tive.
”With ongoing dedication from our investors, we continue to innovate and serve our customers while strengthening our position as a global provider of shipment insights that power the next generation of sustainable and efficient supply chains,” he added.
