Tive Secures $54 Million in Series B Funding; Krenar Komoni and Alex Scherbakovsky Discuss
BOSTON, MA - Reporting over 300 percent growth in revenue, more than 200 new customers, and global expansion in 2021, Tive has kicked off 2022 with a leg up. Adding to its success, the company also announced that it recently secured $54 million in Series B funding to help continue its growth going forward.
"Tive helps supply chain and logistics professionals bring their customers 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. We are committed to developing products that create a seamless experience and don't get in the way of our customers' daily operations," said Krenar Komoni, Founder and Chief Executive Officer 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."
This latest $54 million investment, led by AXA Venture Partners, will drive Tive's international presence with the expansion of global sales and marketing initiatives, a press release explained.
Additionally, the funding will accelerate the development and introduction of next-generation solutions and services that provide supply chain intelligence and around-the-clock monitoring to the industry.
"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."
To read more about Tive's recent funding round, click here.
What advancements will this investment spur for the company? Stay tuned to AndNowUKnow to find out.
