{"id":8617,"date":"2025-12-11T08:55:15","date_gmt":"2025-12-11T08:55:15","guid":{"rendered":"https:\/\/cms.qargo.com\/?p=8617"},"modified":"2025-12-11T08:55:20","modified_gmt":"2025-12-11T08:55:20","slug":"series-b-funding","status":"publish","type":"post","link":"https:\/\/www.qargo.com\/post\/series-b-funding\/","title":{"rendered":"Qargo raises $33M as its AI transport management software transforms efficiency and unlocks new markets"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>Qargo has quadrupled its customer base, increased revenue fivefold and scaled from two to six European logistics markets in just 18 months<\/li>\n\n\n\n<li>Qargo\u2019s cloud-based TMS and native AI capabilities are significantly reducing operating costs for European transport operators, while tightening security across operations<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ghent and London, December 11, 2025<\/strong>: <a href=\"https:\/\/www.qargo.com\/\">Qargo<\/a>, the intelligent Transport Management System (TMS) significantly cutting operating costs for European transport operators, today announced it has raised $33 million in Series B funding. The round was led by <a href=\"https:\/\/www.sofinagroup.com\/\">Sofina<\/a>, the Belgian family-backed investment company with deep roots in European industry, alongside existing investor <a href=\"https:\/\/www.balderton.com\/\">Balderton Capital<\/a> and follows Qargo\u2019s rapid expansion across key European logistic hubs in the last 18 months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The funding takes Qargo\u2019s total investment raised to $54 million and marks the growing impact of AI technology on one of Europe\u2019s most analogue industries. Qargo Intelligence, the platform\u2019s AI engine, is helping modern logistics companies to automate large parts of the end-to-end transport workflow, from order creation and route planning to optimising trips, building loads, invoicing, and warehouse time-slot booking. This automation layer has helped customers spend up to 75% less time on repetitive manual administrative tasks, saving hundreds of hours each week across planning, customer service, and back-office teams.<br><br>With the addition of agentic AI that can interact with external systems, Qargo\u2019s platform is significantly reducing overhead costs and accelerating processes at a scale traditional TMS systems simply cannot match. Meanwhile, Qargo\u2019s optimisation functionality &#8211; which helps companies run fleets more efficiently &#8211; can cut empty running by up to 30%. This is critical in a market where margins are under intense pressure from fierce competition, stricter decarbonisation regulation and rising cybersecurity risks.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"2560\" height=\"1708\" src=\"https:\/\/cms.qargo.com\/wp-content\/uploads\/2025\/12\/4-Qargo-founders-scaled.jpg\" alt=\"\" class=\"wp-image-8628\" style=\"width:697px;height:auto\" srcset=\"https:\/\/www.qargo.com\/wp-content\/uploads\/2025\/12\/4-Qargo-founders-scaled.jpg 2560w, https:\/\/www.qargo.com\/wp-content\/uploads\/2025\/12\/4-Qargo-founders-350x233.jpg 350w, https:\/\/www.qargo.com\/wp-content\/uploads\/2025\/12\/4-Qargo-founders-700x467.jpg 700w, https:\/\/www.qargo.com\/wp-content\/uploads\/2025\/12\/4-Qargo-founders-768x512.jpg 768w, https:\/\/www.qargo.com\/wp-content\/uploads\/2025\/12\/4-Qargo-founders-1536x1025.jpg 1536w, https:\/\/www.qargo.com\/wp-content\/uploads\/2025\/12\/4-Qargo-founders-2048x1366.jpg 2048w, https:\/\/www.qargo.com\/wp-content\/uploads\/2025\/12\/4-Qargo-founders-2000x1334.jpg 2000w, https:\/\/www.qargo.com\/wp-content\/uploads\/2025\/12\/4-Qargo-founders-1200x800.jpg 1200w, https:\/\/www.qargo.com\/wp-content\/uploads\/2025\/12\/4-Qargo-founders-150x100.jpg 150w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Qargo\u2019s growth since its Series A in May 2024 has been exponential, with customer invoicing processed through the platform rising from \u00a3420 million to more than \u00a31.9 billion a year, and the customer base expanding fourfold from around 100 to over 400. This rapid adoption highlights Qargo\u2019s emergence as the fastest-growing intelligent transport management platform in Europe.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Series B will allow Qargo to use the new funding to scale its team further, expand into new markets, and accelerate development of its AI-driven product capabilities, while maintaining its independence and ability to partner with companies from family-run companies to enterprise businesses.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Security and innovation<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Security continues to be a fundamental pillar of the platform and differentiator for Qargo customers. Qargo achieved ISO 27001 certification early, operates exclusively on Google Cloud with Cloud Armor protection, and uses tools such as Aikido for continuous code scanning, supported by regular penetration testing and dedicated in-house security specialists. It takes a cloud-first approach to remove the burden of managing security from customers, giving it a critical advantage as cyberattacks on logistics and infrastructure rise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a sector where daily subcontracting is essential to profitability, Qargo Network &#8211; Qargo\u2019s real-time work-sharing network &#8211; has enabled customers to share work with the same transparency and control as if the jobs were carried out by their own fleet, eliminating the manual back-and-forth typically required.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Adriaan Coppens, CEO and co-founder of Qargo<\/strong>, said: \u201cThis round is a strong endorsement of our progress and our mission to modernise transport management. Since our Series A we\u2019ve grown revenue, customers and team at an exceptional pace, while remaining highly capital efficient. The Series B funding allows us to continue investing and grow the team so that we can keep offering the same level of customer service.\u201d&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Anthony Keusters, Principal at Sofina<\/strong>, said: \u201cQargo\u2019s experienced team combines deep industry knowledge with strong product velocity and client centricity. This results in exceptional customer traction. Road transport is the backbone of Europe\u2019s economy, and Qargo is delivering meaningful, measurable cost and CO2 efficiency gains for fleets of all sizes. They are building something genuinely transformative in the transport-technology market, and we are excited to back them on the journey ahead.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Stijn Gheyle, Chief Operating Officer at CLdN Cargo<\/strong>, said: \u201cEfficiency, transparency, and flexibility are central to our customer offering. Qargo\u2019s intelligent transport management platform provides the scalability and automation we need to further enhance our multimodal services and deliver an even better experience for our customers.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About Qargo<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Founded in 2020, Qargo is an intelligent, cloud-based Transport Management platform that goes beyond the limits of traditional TMS systems. Designed for carriers, freight forwarders, and 3PLs, Qargo helps modern logistics companies digitise operations and automate repetitive manual work across the full transport cycle &#8211; from order entry and transport planning to optimising runs and building loads, invoicing, and reporting. It integrates seamlessly with existing tools, helping businesses to operate more efficiently and profitably, reduce environmental impact, and scale with confidence. For more information, visit <a href=\"http:\/\/www.qargo.com\">www.qargo.com<\/a>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About Sofina<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Sofina is a Belgian investment company listed on Euronext Brussels. Its mission is to partner with leading entrepreneurs and families, backing them with patient capital and supportive advice to foster sustainable long-term growth. The company has investments in Europe, Asia and the United States in sectors including consumer and retail, digital transformation, education, healthcare and life sciences, and sustainable supply chains. For more information, visit <a href=\"http:\/\/www.sofinagroup.com\"><strong>www.sofinagroup.com<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Ghent and London, December 11, 2025: Qargo, the intelligent Transport Management System (TMS) significantly cutting operating costs for European transport operators, today announced it has raised $33 million in Series B funding. The round was led by Sofina, the Belgian family-backed investment company with deep roots in European industry, alongside existing investor Balderton Capital and [&hellip;]","protected":false},"author":16,"featured_media":8622,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[1],"tags":[16],"class_list":["post-8617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-classifiee","tag-company"],"acf":[],"yoast_head":"<title>Qargo raises $33 million in Series B funding round<\/title>\n<meta name=\"description\" content=\"Qargo has raised $33 million in their Series B funding round to help unlock efficiencies for transport companies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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