6 years ago

Zencargo Raises $20 Million to Transform Supply Chain Management

  • Zencargo, a London-based logistics provider, has secured $20 million in Series A funding led by HV Holtzbrinck Ventures

  • The round also saw participation from Tom Stafford, Managing Partner at DST Global, Pentland Ventures, and previous investors Samos, LocalGlobe, and Picus Capital

  • Zencargo's digital platform, which aims to transform supply chain management through software and automation, has been adopted by many of Europe's leading growth businesses

  • The company plans to use the funding to expand its Supply Chain Analytics and Insights group, leveraging predictive analytics and machine learning technologies to partner with clients and set a standard for excellence across the supply chain.

      • ProblemTechnology

      "Failing to digitise the supply chain is holding back Global businesses, with $1.1 trillion left on the table from stock-outs and inventory mistakes."

      Solution

      "Zencargo's digital platform, powered by software and automation, transforms supply chain management, providing increased agility, cost and working capital improvements through unlocked supply chain insights."

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