Total amount raised
$81.9 Millions
Latest funding date
4/1/2022
Location
Tive has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company offers a comprehensive platform designed to provide real-time shipment tracking and monitoring solutions.
Keep reading to explore the details of Tive's funding journey and the investors who support this innovative platform.
What Is Tive?
Tive, founded in 2015 by Krenar Komoni, is based in Boston, Massachusetts. The company specializes in providing real-time tracking and monitoring solutions for shipments.
With a team of 101-250 employees, Tive offers a comprehensive platform that includes hardware trackers and a cloud-based software solution. Their technology ensures end-to-end visibility, helping companies optimize and monitor their supply chains in real-time.
By leveraging cellular, GPS, and WiFi technologies, Tive delivers hyper-accurate location data and real-time alerts on shipment conditions such as temperature, light, and shock.
How Much Funding Has Tive Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: November 2016
- Lead Investors: Hyperplane
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial prototype and validate the market need.
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: February 2017
- Lead Investors: Hyperplane
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product development and early customer acquisition.
- Seed Round
- Amount Raised: $3M
- Date: June 2017
- Lead Investors: Accomplice, Hyperplane, NextView Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the product and expand the team.
- Seed Round
- Amount Raised: $1.9M
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and increase market penetration.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and prepare for the next funding round.
- Series A
- Amount Raised: $12M
- Date: December 2020
- Lead Investors: RRE Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the customer base.
- Series A
- Amount Raised: $11M
- Date: April 2021
- Lead Investors: Two Sigma Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the technology and increase market share.
- Series B
- Amount Raised: $54M
- Date: April 2022
- Lead Investors: AXA Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: August 2022
- Lead Investors: Plug and Play
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and resources for growth.
- Series C
- Amount Raised: $40M
- Date: January 2025
- Lead Investors: Sageview Capital, WiL (World Innovation Lab)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance the user interface.
Total Amount Raised: $121.9M. Current Valuation: Not publicly disclosed.
Key Investors
- AXA Venture Partners
- Details: AXA Venture Partners is a global venture capital firm that invests in high-growth, technology-enabled companies. They are part of the AXA Group, a worldwide leader in insurance and asset management.
- Investment Focus Areas: Fintech, enterprise software, digital health
- Notable Investments: Zenjob, Happytal, Phenom People
- RRE Ventures
- Details: RRE Ventures is a venture capital firm based in New York City, focusing on early-stage investments. They have been investing in technology companies since 1994.
- Investment Focus Areas: Fintech, enterprise software, media
- Notable Investments: BuzzFeed, Venmo, Datadog
- Two Sigma Ventures
- Details: Two Sigma Ventures is the venture capital arm of Two Sigma, a technology-driven investment manager. They invest in early-stage companies leveraging data science and advanced engineering.
- Investment Focus Areas: AI, machine learning, data science
- Notable Investments: Socure, Zymergen, Rigetti Computing
- Hyperplane
- Details: Hyperplane is a venture capital firm that invests in early-stage technology companies. They focus on companies that leverage data and machine intelligence to create disruptive solutions.
- Investment Focus Areas: AI, machine learning, robotics
- Notable Investments: Indico, TetraScience, Neurala
- Sageview Capital
- Details: Sageview Capital is a private investment firm that provides growth capital to small and mid-sized companies. They focus on long-term partnerships with management teams.
- Investment Focus Areas: Technology, financial services, healthcare
- Notable Investments: Elastic, United Capital, MetricStream
What's Next for Tive?
Tive stands at the cusp of a significant opportunity in the WiFi solutions market. With the recent $40 million funding, the company is poised to revolutionize business WiFi by turning it into a revenue generator through advertising. This innovative approach not only enhances user experience but also opens up new avenues for customer engagement and digital media growth.
As Tive continues to expand its market presence and improve its product offerings, future fundraising opportunities seem promising. The company's growth trajectory and the increasing demand for monetized WiFi services suggest that additional investment rounds could be on the horizon. However, Tive will need to navigate challenges such as competition from other tech companies and ensuring a seamless user experience to maintain its edge in the market.
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