Series B · Logistics · London, United Kingdom · Founded 2020 · 88–105 employees
Qargo provides a cloud-first AI-powered transport management system for logistics companies, replacing outdated legacy systems and offline spreadsheets. The company has seen remarkable growth, quadrupling its customer base and growing revenue 5x over 18 months, now processing over £1.9 billion in transport invoicing annually. They recently raised $33 million in Series B funding led by Sofina and Balderton Capital to expand across Europe. Their platform can reduce administrative time by up to 75% and cut empty truck miles by 30%, delivering significant cost savings and environmental benefits.