Tive, a Boston, Massachusetts-based technology leader in the new era of supply chain and logistics visibility, announced the closed of a $54 million in Series B funding, to date, Tive has raised more than $80 million.
The round was led by AXA Venture Partners, with 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.
This latest investment will fuel Tive'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, and services and bring actionable supply chain intelligence and 24/7 monitoring to the market.
Company: Tive, Inc.
Raised: $54.0M
Round: Series B
Funding Month: April 2022
Lead Investors: AXA Venture Partners
Additional Investors: Sorenson Capital, Qualcomm Ventures, Fifth Wall, SJF Ventures, Floating Point Ventures, RRE Ventures, Two Sigma Ventures, NextView Ventures, Hyperplane Ventures, Broom Ventures, and Supply Chain Ventures
Company Website: https://www.tive.com/
Software Category: Supply Chain Visibility Insights
About the Company: Tive is a leading provider of real-time supply chain visibility insights that 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. In 2021, Tive grew its revenue by over 300%, acquired more than 200 new customers, and expanded its global footprint.
Source: https://www.prnewswire.com/news-releases/tive-raises-54m-in-series-b-funding-led-by-axa-venture-partners-301522545.html https://www.tive.com/blog/our-mission-our-vision-our-values-series-b-funding