Qargo, an AI-powered transport management system, secured $33M in Series B funding, bringing total f...
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This is an incremental funding update for a Vertical AI player in the Enterprise-Ops cluster, though it does not meet the $500M threshold for cross.§D.
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Finance & Ops · Player Map
Qargo, an AI-powered transport management system, secured $33M in Series B funding, bringing total funding to $54M. This capital infusion will accelerate their expansion in Europe and deepen AI tool development, targeting significant reductions in logistics costs and emissions. Since its last funding round 18 months ago, Qargo has quadrupled its customer base, expanded to six European markets, and grown revenue fivefold. The platform processes over £1.9 billion in transport invoicing annually, reducing administrative time by up to 75% and cutting empty miles by 30%. This positions Qargo as a key player in revolutionizing European logistics through intelligent automation.