a year ago

Qargo Secures €12 Million in Series A to Scale Logistics Management Platform

  • Qargo, a London and Ghent-based logistics management solution provider, has raised €12 million in Series A funding led by Balderton Capital

  • The funding will be used to expand into new markets, enhance the product, and strengthen its engineering team to accommodate its growing customer base

  • Qargo's SaaS platform helps logistics companies optimize routes, automate tasks, and reduce carbon emissions by minimizing empty miles

  • The company has facilitated 175,000 journeys across Europe in March 2024 alone.

      • ProblemTechnology

      "Traditional logistics software is clunky and inefficient, leading to wasted time and resources, increased emissions, and higher costs."

      Solution

      "Qargo's SaaS platform streamlines transport management by integrating with existing systems, optimizing routes, automating tasks, and reducing empty miles, which in turn lowers emissions and improves efficiency."

      Covered on