Total amount raised
$81.9 Million
Latest funding date
4/1/2022
Location
Tive has successfully raised $20 million in its latest funding round, led by Lightsmith Group. The company has completed a total of 10 funding rounds, attracting 21 investors, including recent backers like Supply Chain Ventures.
Keep reading to explore the intricacies of Tive's fundraising journey and the investors backing this innovative shipment tracking platform.
What Is Tive?
Tive is a company based in Boston, Massachusetts, specializing in shipment tracking and monitoring solutions. The company operates in multiple industries, including enterprise software, Internet of Things, shipping, software, and supply chain management.
Founded to develop a hardware and software platform designed to track the conditions of shipments, Tive has grown to employ between 101 and 250 people. Their offerings include real-time trackers, passive loggers, and a comprehensive platform for monitoring shipment conditions such as temperature, light, and shock.
How Much Funding Has Tive Raised?
- 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 develop the initial hardware and software platform for shipment tracking.
- Seed Round
- Amount Raised: USD 3,000,000
- Date: June 2017
- Lead Investors: Accomplice, Hyperplane, NextView Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the development team and enhance the shipment tracking technology.
- Seed Round
- Amount Raised: USD 1,929,989
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further refine the product and prepare for market entry.
- 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 initial market penetration and customer acquisition.
- Series A Round
- Amount Raised: USD 12,000,000
- Date: December 2020
- Lead Investors: RRE Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series A Round
- Amount Raised: USD 11,000,000
- Date: April 2021
- Lead Investors: Two Sigma Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve technology infrastructure.
- Series B Round
- Amount Raised: USD 54,000,000
- Date: April 2022
- Lead Investors: AVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- 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 scaling operations.
- Series C Round
- Amount Raised: USD 40,000,000
- Date: January 2025
- Lead Investors: Sageview Capital, World Innovation Lab
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market presence.
- Series Unknown
- Amount Raised: USD 19,999,807
- Date: January 2026
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and technological advancements.
Total Amount Raised: USD 180,929,796. Current Valuation: Not publicly disclosed.
Key Investors
- The Lightsmith Group
- Details: The Lightsmith Group is a private equity firm that focuses on investing in companies providing solutions for climate resilience and adaptation. Jay Koh is a notable partner associated with this investor.
- Investment Focus Areas: Climate resilience, adaptation, technology.
- Notable Investments: Tive.
- Supply Chain Ventures
- Details: Supply Chain Ventures is a venture capital firm specializing in investments in supply chain and logistics technology companies. They recently invested in Tive.
- Investment Focus Areas: Supply chain, logistics, technology.
- Notable Investments: Tive.
- AVP
- Details: AVP is a venture capital firm that invests in early-stage technology companies. They led the Series B round for Tive.
- Investment Focus Areas: Technology, early-stage companies, innovation.
- Notable Investments: Tive.
- Two Sigma Ventures
- Details: Two Sigma Ventures is a venture capital firm that invests in data-driven startups. They led the Series A round for Tive in April 2021.
- Investment Focus Areas: Data-driven startups, technology, innovation.
- Notable Investments: Tive.
- RRE Ventures
- Details: RRE Ventures is a venture capital firm that invests in early-stage companies across various sectors. They led the Series A round for Tive in December 2020.
- Investment Focus Areas: Early-stage companies, technology, innovation.
- Notable Investments: Tive.
What's Next for Tive?
With a recent $40 million funding boost, Tive is poised to revolutionize business WiFi services. The company aims to transform WiFi from a cost center into a revenue-generating asset through innovative advertising and customer engagement tools. This substantial financial backing highlights the significant market potential and opportunities in digital media and marketing services.
As Tive continues to grow, future fundraising rounds are likely, especially as the demand for free WiFi and monetization through advertising increases. However, the company will need to navigate challenges such as ensuring a seamless user experience and competing with other WiFi service providers. Balancing user experience with advertisement frequency will be crucial for their success.
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