Zencargo offers a digitized freight-forwarding platform that tracks shipments by SKU data, matches shipments with real-time sales and demand insights, and balances sea, air and land freight options. The company serves customers and distributors including Amazon and brands such as Vivienne Westwood, Swoon Furniture and Soho Home. Sea freight accounts for about half of Zencargo’s traffic. Zencargo plans to expand internationally with new offices in the Netherlands, Hong Kong and the U.S., and intends to begin offering trade finance. It also plans to more than double headcount from 150 to 350. The company said it is on track for £100 million in revenue this year and £200 million in 2022. Zencargo offers a platform that uses automation and machine learning to help customers enhance supply chain management by uncovering key supply chain insights. The platform enables businesses to shorten lead times, increase supply chain agility and reduce working capital. Its software transforms traditionally paper-based logistics through automation and analytics. The company reports adoption by many of Europe’s leading growth businesses, including customers with billion-dollar supply chains. Zencargo plans to use the new funding to continue investing in its core technology platform and to accelerate expansion of its Supply Chain Analytics and Insights group. Founded in 2017, the company is focused on scaling its product and analytics capabilities. Zencargo provides a digital freight-forwarding platform that gives end-to-end visibility from purchase order to delivery and offers 'Virtual Local Offices' to monitor production worldwide. The service is offered free to companies for digitising their supply chains and targets customers ranging from high-growth scaleups to FTSE-listed businesses. Its platform aims to reduce manual processes and improve supply-chain visibility and analytics, addressing slow, opaque international shipping workflows. Customers cited in the article include Catapult and Simba; Catapult says it expanded its supply chain to over 50 countries and achieved 98% on-time shipment arrival using Zencargo. The company plans to use the new funding to accelerate product development and to build a presence in China. The announcement frames Zencargo as a technology-driven alternative to legacy freight-forwarding operations.

Total raised

$62M

Funding rounds

3

Latest round

Series B

Latest activity

May 2021