Total amount raised
$81.9 Millions
Latest funding date
04/01/2022
Location
Title
Tive has successfully raised significant funding over multiple rounds, establishing itself as a key player in the shipment tracking industry.
The company's innovative platform offers real-time shipment tracking and monitoring solutions, ensuring that valuable shipments arrive on time and in full.
Keep reading to explore the intricacies of Tive's fundraising journey and the investors backing this innovative platform.
What Is Tive?
Tive, founded in 2015, is headquartered in Boston, Massachusetts. The company specializes in real-time shipment tracking and monitoring solutions.
Co-founded by Krenar Komoni, Tive offers hardware and software to ensure the location and condition of shipments are always known. Their products include real-time trackers, passive loggers, and a cloud platform.
With a dedicated team of over 100 employees, Tive serves various industries, including food & beverage, high-value goods, life sciences, and transportation & logistics.
How Much Funding Has Tive Raised?
- Seed Round
- Amount Raised: $3 million
- Date: June 2017
- Lead Investors: Accomplice
- Motivation Behind the Round: To grow Tive's engineering, sales, and marketing teams, enhancing real-time visibility into shipment conditions.
- Series A Round
- Amount Raised: $12 million
- Date: December 2020
- Lead Investors: RRE Ventures
- Motivation Behind the Round: To scale operations, enhance product offerings, and leverage the digitization of the supply chain.
- Series B Round
- Amount Raised: $54 million
- Date: April 2022
- Lead Investors: AXA Venture Partners
- Valuation at Round: $300 million (post-money)
- Motivation Behind the Round: To fuel international expansion, enhance global sales and marketing, and develop next-generation solutions.
Total Amount Raised: $69 million
Current Valuation: $300 million
Key Investors
- AXA Venture Partners
- Details: AXA Venture Partners is a global venture capital firm that invests in high-growth, technology-enabled companies. They led Tive's Series B funding round.
- Investment Focus Areas: Technology, innovation, digital health
- Notable Investments: Zenjob, Happytal, Phenom People
- RRE Ventures
- Details: RRE Ventures is a venture capital firm that focuses on early-stage investments in technology companies. They led Tive's Series A funding round.
- Investment Focus Areas: Technology, innovation, financial services
- Notable Investments: BuzzFeed, Venmo, SpaceX
- Two Sigma Ventures
- Details: Two Sigma Ventures is a venture capital firm that invests in data-driven technology companies. They participated in Tive's Series A and B funding rounds.
- Investment Focus Areas: Data-driven technology, artificial intelligence, machine learning
- Notable Investments: Socure, Rigetti Computing, Untapped
- NextView Ventures
- Details: NextView Ventures is an early-stage venture capital firm that focuses on internet and software startups. They have been involved with Tive since the seed round.
- Investment Focus Areas: Internet, software, consumer technology
- Notable Investments: Attentive, Grove Collaborative, Skillshare
- Hyperplane Ventures
- Details: Hyperplane Ventures is a venture capital firm that invests in early-stage technology companies, often with a focus on data and machine learning. They have been involved with Tive since the seed round.
- Investment Focus Areas: Artificial intelligence, machine learning, data
- Notable Investments: TetraScience, PathAI, Neurala
What's Next for Tive?
Tive stands at the cusp of a significant opportunity to address ongoing supply chain disruptions. With the global supply chain visibility market expanding, Tive can leverage its real-time tracking solutions to cater to industries like consumer packaged goods, logistics, and retail. The demand for advanced tracking technologies, such as 5G-connected trackers, is on the rise, presenting Tive with a vast market to tap into.
Given its impressive growth metrics and successful funding rounds, Tive is well-positioned for future fundraising. The company may seek additional investments to scale operations and enhance its product offerings. However, Tive will need to navigate challenges such as intense competition and the need for seamless integration with existing systems. Ensuring data accuracy and reliability will be crucial as the company continues to expand its footprint in the supply chain visibility market.
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