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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 across 3 funding rounds.
Qargo has raised $53.0M in total across 3 funding rounds.
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 | Status |
|---|---|---|---|---|
| Dec 11, 2025 | $33M Series B | Anthony Keusters | Balderton Capital | Announced |
| Jun 1, 2024 | $14M Series A | Balderton Capital | Felix Capital, Passion Capital, Josefin Landgård, Stefan Lindeberg, Susanna Campbell | Announced |
| Sep 1, 2022 | $6M 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 | Announced |
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 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.
