Tive Secures $40 Million in Series C Funding for Supply Chain Innovations
Deal News | Jan 23, 2025 | Boston Global Ventures LLC
Tive, a leader in supply chain and logistics visibility technology, has closed a $40 million Series C funding round to advance its real-time shipment tracking solutions. This round is led by WiL and Sageview Capital, with contributions from an impressive roster of investors including AVP, RRE Ventures, Qualcomm Ventures, and others. The funding will enable Tive to push forward innovative solutions for enhanced supply chain efficiency and global expansion. In 2024, Tive has already added over 350 new clients globally, bringing their total to over 900 client businesses across various industries. Tive’s sustainable initiatives, which include recycling trackers and the Green Impact Leader Awards, emphasize the company's commitment to sustainability. The funding is set to propel Tive's focus on next-gen solutions and expand its global reach, addressing the logistics industry's paradigms shift toward real-time, data-driven operations.
Sectors
- Supply Chain & Logistics
- Technology & Innovation
- Venture Capital & Private Equity
Geography
- United States – Tive is headquartered in Boston, MA, and the article discusses investments involving US-based entities.
- Japan – WiL, one of the main investment firms in the article, has operations in Japan and involves strategic partnerships with Japanese corporations.
Industry
- Supply Chain & Logistics – The article focuses on Tive's role in the supply chain and logistics sector, providing real-time tracking and monitoring solutions for shipments.
- Technology & Innovation – Tive leverages cutting-edge sensor technology and cloud platforms to provide innovative solutions in logistics visibility.
- Venture Capital & Private Equity – The article discusses the Series C funding round led by WiL and Sageview Capital, highlighting investment activities in emergent technology sectors.
Financials
- 40,000,000 – The total amount raised by Tive in its Series C funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tive | Target Company | Company | Tive is a global leader in supply chain and logistics visibility technology. |
| WiL (World Innovation Lab) | Lead Investor | Company | A venture capital firm partnering with global corporations and government entities, focusing on emerging technologies. |
| Sageview Capital | Lead Investor | Company | A private investment firm focused on building enduring software and tech-enabled businesses. |
| Krenar Komoni | CEO of Tive | Person | Founder and CEO of Tive, leading the company towards innovative solutions in logistics visibility. |
| Andy Cohen | Partner at WiL | Person | A partner at WiL, involved in strategic investments in emerging technologies like Tive. |
| Dean Nelson | Senior Partner at Sageview Capital | Person | Senior Partner at Sageview Capital, supporting Tive's growth and industry impact. |