Founded in 2020, Qargo provides a cloud transport management platform for carriers, freight forwarders and 3PLs, integrating order entry, route planning, load building, invoicing and reporting into one system. Its AI engine, Qargo Intelligence, automates up to 75 % of repetitive administrative tasks and can cut empty fleet mileage by as much as 30 %. The product now processes more than £1.9 billion in annual customer invoices, up from £420 million after its Series A in May 2024, while the customer base has grown from about 100 to over 400. Recent additions of agentic AI allow the software to interact with external systems, further reducing overhead and accelerating workflows. Qargo integrates with existing logistics tools, helping users lower operating costs, improve security and reduce environmental impact. The company plans to use new capital to scale its team, enter additional markets and expand its AI-driven feature set. To date, Qargo has raised $54 million in venture funding.

Total raised

$53M

Funding rounds

3

Latest round

Series B

Latest activity

Dec 2025