CHARLIE PESTI, marketing and PR, Author at Global Trade Magazine

300%+ revenue growth, 200+ new global customers, and hired 100+ employees in 2021, six new investors in the B round, and thousands of shipments saved from delays, spoilage, damage or loss.

Tive, the technology leader in the new era of supply chain and
logistics visibility, announced the closing of a $54M Series B funding 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.

In 2021, Tive grew its revenue over 300%, acquired more than 200 new customers and expanded its global footprint. This latest investment will fuel Tive’s rapidly growing international presence, with 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.

#1 in Supply Chain and Logistics Condition and Location Monitoring
Tive continues to outpace and out-innovate the competition with the most advanced multi- sensor trackers, a truly intuitive SaaS application, and live 24/7 shipment monitoring service. As the leading provider of supply chain tracking technology, Tive has delivered real-time shipment visibility in more than 200 countries, and helped save thousands of shipments from being delayed damaged, spoiled, or rejected.

Addressing an Immediate Need for the Logistics Industry “Tive helps supply chain and logistics professionals bring their customer 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 in the market. 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.”

In 2019, Tive founded the Open Visibility Network (OVN) to ensure its vision of a world where everything and everyone is connected becomes a reality. The OVN makes shipment-level data and insights available to mutual customers and its open to all leading technology enabled stakeholders to join. Current OVN members and partners include project44, FourKites, TransVoyant, FarEye, Marine Traffic, Everstream Analytics, and many more.

“Tive has been scaling at an impressive rate, executing decisively on its vision where everything and everyone is connected. Supply chain visibility has become critical in solving large-scale problems in the world today, and Tive has emerged as the global market leader,” said Alex Scherbakovsky, General Partner at AXA Ventures Partners.

“The breadth of data Tive offers and ease of access for shippers, logistics providers and carriers are best in class. We believe that Tive’s next-gen solution and highly valuable network will continue to drive massive growth.”

About Tive

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 customer’s experience, and unlock supply
chain insights in an actionable real-time manner.

About AXA Venture Partners

AXA Venture Partners (AVP) is a global venture capital firm with over $1.5B of assets under management. AVP invests across stages in rapidly growing tech companies in enterprise, fintech, consumer and digital health sectors. With offices in New York, San Francisco, London, Paris and Singapore, AVP helps companies scale internationally. AVP also offers portfolio companies unique business development opportunities to further accelerate their growth.

TRAXENS, the leading smart-container service provider for
the global supply chain industry, announced today a new financing round of €23 million ($25+ million) from the company’s existing shareholders. The funds will be used to fuel Traxens’ international expansion starting with the acquisition of NEXT4, a fast-growing French supplier of removable and reusable shipping container trackers.

Traxens’ Internet-of-Things (IoT) solution is based on a breakthrough technology that enables access to the most comprehensive, precise and timely data for managing assets in transit anywhere in the world. In addition to tracking container geolocation, it detects shocks and monitors temperature and humidity, as well as the open-or-closed status of container doors.

The acquisition, confirmed today, will allow Traxens to streamline and merge NEXT4’s offering into its suite of solutions, providing customers with the best of both solutions — including shipments scheduling, collaborative risk management, and analysis reports. The newly consolidated company is now the market frontrunner in providing overseas cargo visibility and offers Traxens’ customers a technological edge in container tracking solutions.

“Integrating NEXT4 into our company dramatically increases our ability to serve the growing needs of our customers as they digitalize their business processes, while adding freight visibility, cargo security and goods integrity,” said Traxens CEO David Marchand.

Founded in Toulouse in 2018, NEXT4 provides trackers that can be attached to containers from point of origin to the final destination. This provides freight forwarders with a premium tracking solution and gives customers 24/7, real-time data on the status and location of their goods via sensors inside the containers.

Tens of thousands of NEXT4 trackers have been adopted by leading freight forwarders such as Bolloré Logistics and DB Schenker. Airlines have also approved the latest version of its trackers, a smaller and more versatile device, that allows them to be adapted to the needs of the air freight industry.

The €23 million round of financing follows a Series C funding round of approximately €20M ($22.7M) raised in 2019. This new acquisition will enable the consolidated French company to continue deploying its smart-containers worldwide, while building new relationships with major players in the supply chain, including companies focused on container leasing, insurance and
transport management systems.

As it moves into new markets in the U.S., South America and Asia, Traxens will also use the funding to further expand its portfolio of solutions to address the increasing needs of freight forwarders and beneficial cargo owners (BCO) for supply chain transparency.

“Joining the Traxens group enables us to market our innovative solution on an internationalNEXT4 will operate as a wholly-owned subsidiary of Traxens with offices in Toulouse. In addition
to remaining as CEO of NEXT4, Rosemont will serve as Traxens’ chief marketing officer. scale and to jointly develop new products and solutions with their team,” said NEXT4 CEO and founder Cédric Rosemont. “Our highly complementary solutions will meet the current and future challenges of shippers and their logistics providers. This means NEXT4’s customers also can benefit from Traxens’ solutions, which are now being widely deployed by container owners.”

NEXT4 will operate as a wholly-owned subsidiary of Traxens with offices in Toulouse. In addition to remaining as CEO of NEXT4, Rosemont will serve as Traxens’ chief marketing officer.

Both CEOs will be available for interviews about this strategic merger at the TPMTECH (Feb.24-25) and TPM22 (Feb. 27-March 2) trade shows in Long Beach, Calif.

Tive Raises $54M in Series B Funding Led by AXA Venture Partners

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