Lightsmith Group has invested $20 million in Tive, a leader in supply chain visibility technology, to enhance resilience in logistics amid climate change risks.

Target Information

Lightsmith Group, a leading global sustainable private equity firm, has announced its investment in Tive, a pioneering company specializing in supply chain and logistics visibility technology. Tive enables businesses to monitor the real-time location and condition of their shipments, thereby assisting in the proactive management of physical risks associated with climate change. As the global leader in this sector, Tive has raised $20 million in this fundraising round, led by Lightsmith, with participation from existing investors such as Sageview Capital, World Innovation Lab, AVP, and Supply Chain Ventures.

Since its founding in 2015, Tive has seen remarkable growth, selling over 3.5 million trackers and operating across around 190 countries. The company focuses on safeguarding high-value, time- and temperature-sensitive shipments through its comprehensive monitoring services, which include real-time information on temperature, humidity, tilt, and shock across various modes of transport. Tive's seamless integration of hardware and software provides essential visibility and data-driven insights, empowering global shippers to enhance the resilience and adaptability of their supply chains.

Industry Overview

In recent years, the global supply chain sector has faced increasing challenges due to climate change-related disruptions. Extreme weather events, including hurricanes, floods, heatwaves, and droughts, have intensified, posing significant risks to timely delivery and the in