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Qargo is a technology company.
Qargo has raised $53.0M across 3 funding rounds.
Qargo has raised $53.0M in total across 3 funding rounds.
Qargo is an intelligent Transport Management platform that simplifies complex logistics operations, automates administrative tasks, and enhances profitability for transport companies.
Qargo has raised $53.0M in total across 3 funding rounds.
Qargo's investors include Anthony Keusters, Balderton Capital, Felix Capital, Passion Capital, Josefin Landgård, Stefan Lindeberg, Susanna Campbell, Stride VC, Accel, First Round Capital, Frontline Ventures, Insight Partners.
Qargo is a Belgium-based technology company developing an AI-driven, cloud-based transportation management system (TMS) platform designed to digitize and automate operations for carriers, freight forwarders, and third-party logistics (3PL) providers.[1][2][3] The platform, powered by Qargo Intelligence (Qi), handles end-to-end workflows from order creation and route planning to invoicing and warehousing slot booking, reclaiming up to 75% of time spent on manual tasks while optimizing routes, reducing costs, and accelerating cash flow.[1][3] Serving hundreds of logistics operators across Europe, Qargo has shown explosive growth: since entering the market less than 18 months ago, it quadrupled its customer base from ~100 to over 400, grew revenue fivefold, expanded to six markets, and scaled annual customer invoicing from $560 million to $2.5 billion, backed by $54 million in total funding including a $33 million Series B in 2025 led by Sofina.[1]
Qargo was founded by experienced entrepreneurs and industry experts, including CEO and co-founder Adriaan Coppens, who had previously scaled leading tech businesses and witnessed firsthand the inefficiencies of legacy TMS systems in transport operations.[1][2] Incorporated on May 31, 2018, in the UK as Simple AI Limited (later renamed Backload TMS Limited and then Qargo Tech Ltd), the company emerged from a mission to build a smarter, AI-core platform replacing rigid, outdated tools.[2][4] Early traction accelerated post-Series A in May (year not specified), with rapid European expansion, customer growth, and capital-efficient scaling that led to the recent Series B, enabling further team and market investment.[1]
Qargo rides the wave of agentic AI integration in logistics, capitalizing on TMS digitization amid rising e-commerce, supply chain disruptions, and demands for greener, efficient transport in Europe.[1][2] Its timing aligns with post-pandemic market forces favoring automation to combat labor shortages, volatile fuel costs, and regulatory pushes for sustainability, enabling operators to run leaner and scale seamlessly.[3] By fostering a community of hauliers and forwarders, Qargo influences the ecosystem through rapid adoption (400+ customers in six markets) and innovations like real-time visibility and factoring integrations, positioning it as a modernizer challenging legacy systems and accelerating AI-driven transformation in a $1T+ global freight sector.[1][5]
Qargo's momentum—fueled by $33M Series B and explosive metrics—positions it to dominate AI-TMS in Europe, with plans to grow its team, deepen AI capabilities, and expand further amid agentic AI advancements.[1] Trends like multimodal logistics, real-time data ecosystems, and sustainability mandates will shape its path, potentially driving global reach and higher valuations through network effects. As a capital-efficient disruptor, Qargo could redefine transport ops, evolving from regional player to ecosystem leader and delivering outsized returns for backers like Sofina.
Qargo has raised $53.0M across 3 funding rounds. Most recently, it raised $33.0M Series B in December 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 11, 2025 | $33.0M Series B | Anthony Keusters | Balderton Capital |
| Jun 1, 2024 | $14.0M Series A | Balderton Capital | Felix Capital, Passion Capital, Josefin Landgård, Stefan Lindeberg, Susanna Campbell |
| Sep 1, 2022 | $6.0M Seed | Stride VC | Accel, Balderton Capital, First Round Capital, Frontline Ventures, Insight Partners, Khosla Ventures, LocalGlobe, MMC Ventures, Point Nine Capital, Seedcamp, Charlie Songhurst, Claire Hughes Johnson, Harsh Sinha, Breon Corcoran, Stephane Kurgan |