Tive Secures $40 Million in Series C Funding Led by WiL & Sageview Capital

Trusted by over 900 customers, Tive will use the funding to accelerate growth and enhance its leadership in supply chain and logistics visibility technology

/EIN News/ -- BOSTON, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Tive, the global leader in supply chain and logistics visibility technology, has closed a $40 million investment to bring groundbreaking real-time shipment tracking and monitoring solutions to the industry. The Series C funding round was led by WiL (World Innovation Lab) and Sageview Capital, with participation from AVP, RRE Ventures, Two Sigma Ventures, Qualcomm Ventures, Fifth Wall, Supply Chain Ventures, and Sorenson Capital.

Tive helps supply chain and logistics teams improve risk management, on-time performance, customer experience, and quality assurance by monitoring the real-time location and condition of in-transit shipments around the globe—across all modes of transportation. Tive's end-to-end visibility solution includes innovative multi-sensor trackers, an intuitive and intelligent cloud platform, and an optional professional services team that monitors shipments in real time 24/7.

“In a rapidly emerging world operated by AI agents and large-scale automation, the supply chain and logistics industry is poised to undergo a paradigm shift. This shift rests upon one fundamental need: high-quality, ground truth data captured from each individual shipment,” said Krenar Komoni, Founder and CEO of Tive. “The original hypothesis of Tive was that the primary source of data, generated directly from the shipments themselves, is what matters the most—and from that data all the applications, insights, and algorithms needed to run best-in-class supply chains would be built. Armed with this Series C capital infusion, we are excited to embark in the new chapter of Tive: to build the next-gen innovative solutions that will help our customers run their supply chains even more efficiently.”

In 2024, Tive added over 350 new customers from across the globe, and today, more than 900 businesses—across industries including life sciences and pharmaceuticals, transportation and logistics, food and beverage, and high-value goods—trust Tive to monitor, analyze, and optimize millions of shipments globally.

“The logistics industry is quickly realizing they can now have real-time location, temperature, shock, and light exposure tracking at an affordable cost, and Tive has emerged as the leading innovator in the space,” said Andy Cohen, Partner at WiL. “We’re excited to help Tive continue to expand globally and add value to customers both from trackers and the data they generate.”

“Tive’s commitment to solving the toughest supply chain challenges is what sets them apart,” said Dean Nelson, Senior Partner at Sageview Capital. “This funding will allow Tive to push supply chain industry boundaries even further by delivering real-time shipment visibility and actionable insights to customers around the world. Sageview Capital is excited to partner with Krenar and the entire team at Tive to support their growth ambitions.”

Tive’s momentum aligns with its growing focus on sustainability. Through its Green Program, the company nearly doubled the number of returned and recycled trackers in the past year. Tive also introduced the inaugural Green Impact Leader Awards to honor organizations setting a new standard in reducing e-waste through recycling trackers. In December 2024, Tive announced that it sold its 2 millionth tracker, only 13 months after having sold its millionth tracker.

Tive connects every shipment with everyone involved. Learn more at www.tive.com.

About Tive
Tive is the global leader in supply chain and logistics visibility technology. More than 900 global shippers, logistics service providers, and retailers use Tive to monitor shipment location and condition in real time, gain actionable insights, and ensure end-customer satisfaction. Tive's cloud platform, patented sensor technology, and 24/7 Live Monitoring services reduce excursions and delays, minimize rejected loads, and decrease theft, damage, and spoilage. Tive's Green Program reduces electronic waste by renewing and recirculating trackers and extending their life. Customers count on Tive to ensure that shipments are delivered on time and in full—because every shipment matters. For more information, visit www.tive.com.

About WiL
WiL (World Innovation Lab) is a venture capital firm that partners with leading global corporations and government entities in Japan and Asia. With offices in Palo Alto and Tokyo, WiL supports its portfolio companies by establishing strategic partnerships that enable U.S. and European startups to scale globally, and Japanese startups to innovate and globalize. WiL invests in emerging technology spanning artificial intelligence, fintech, insurtech, automation and productivity, cybersecurity, cloud infrastructure, developer tools, health tech and sustainability. WiL also invests in many diverse venture capital funds and supports its LPs in corporate venture investment efforts. For more information, please visit www.wil.vc.

About Sageview Capital
Sageview Capital is a private investment firm focused on partnering with industry-defining innovators to build enduring software and tech-enabled businesses. With over $2.0 billion in assets under management, Sageview Capital collaborates with entrepreneurs on a custom approach, leveraging its decades of experience, operational expertise, and network in scaling many successful companies. The firm invests for the long-term and has guided many of its portfolio companies to IPO or acquisition—and beyond. Sageview Capital’s investments include 360insights, Aceable, Anitian, Atmosphere, CallRail, Carewell, Demandbase, DISQO, Elastic Path, Elemental Machines, Ezoic, Grocery TV, Impact Analytics, LoanStar Technologies, Pantheon, Pax8, Specright, Stensul, Theatro, User Interviews, and XSELL Technologies, among others. For more information, visit www.sageviewcapital.com.

Press Contact:
Lane Kearney
Corporate Ink for Tive
tive@corporateink.com