- Qargo Quadruples Customer Base, Increases Revenue Fivefold, and Scales to Six International Logistics Markets in Just 18 Months
- Qargo’s cloud-based TMS and native AI capabilities are significantly reducing operating costs for transportation and logistics operators while tightening security across operations.
Ghent and London, December 11, 2025: Qargo, the intelligent Transportation Management System (TMS) significantly cutting operating costs for transportation 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 the industry, alongside existing investor Balderton Capital. This follows Qargo’s rapid expansion across key logistics hubs in the last 18 months.
The funding takes Qargo’s total investment raised to $54 million and marks the growing impact of AI technology on one of the most analogue industries. Qargo Intelligence, the platform’s AI engine, is helping modern logistics companies automate large parts of the end-to-end transportation workflow—from order capture and route planning to optimizing loads, billing, and warehouse appointment scheduling. This automation layer has helped customers spend up to 75% less time on repetitive manual administrative tasks, saving hundreds of hours each week across dispatch, customer service, and back-office teams.
With the addition of agentic AI that can interact with external systems, Qargo’s platform is significantly reducing overhead costs and accelerating processes at a scale traditional TMS systems simply cannot match. Meanwhile, Qargo’s optimization functionality—which helps companies run fleets more efficiently—can cut empty miles by up to 30%. This is critical in a market where margins are under intense pressure from fierce competition, stricter decarbonization regulations, and rising cybersecurity risks.
Qargo’s growth since its Series A in May 2024 has been exponential. Customer billing processed through the platform rose from £420 million to more than £1.9 billion a year, and the customer base expanded fourfold from around 100 to over 400. This rapid adoption highlights Qargo’s emergence as the fastest-growing intelligent transportation management platform.
The Series B will allow Qargo to use the new funding to further scale its team, expand into new markets, and accelerate the development of its AI-driven product capabilities, while maintaining its independence and ability to partner with everyone from family-run trucking companies to enterprise businesses.
Security and Innovation
Security continues to be a fundamental pillar of the platform and a 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.
In a sector where daily contracting is essential to profitability, Qargo Network—Qargo’s real-time work-sharing network—has enabled customers to share work with the same transparency and control as if the loads were carried out by their own fleet, eliminating the manual back-and-forth typically required.
Adriaan Coppens, CEO and co-founder of Qargo, said: “This round is a strong endorsement of our progress and our mission to modernize transportation management. Since our Series A, we’ve grown revenue, customers, and our 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.”
Anthony Keusters, Principal at Sofina, said: “Qargo’s experienced team combines deep industry knowledge with strong product velocity and client-centricity. This results in exceptional customer traction. Road transportation is the backbone of the 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 transportation-technology market, and we are excited to back them on the journey ahead.”
Stijn Gheyle, Chief Operating Officer at CLdN Cargo, said: “Efficiency, transparency, and flexibility are central to our customer offering. Qargo’s intelligent transportation management platform provides the scalability and automation we need to further enhance our multimodal services and deliver an even better experience for our customers.”
About Qargo
Founded in 2020, Qargo is an intelligent, cloud-based Transportation Management platform that goes beyond the limits of traditional TMS systems. Designed for carriers, freight forwarders, and 3PLs, Qargo helps modern logistics companies digitize operations and automate repetitive manual work across the full transportation cycle—from order entry and dispatch to optimizing lanes and building loads, billing, and reporting. It integrates seamlessly with existing tools, helping businesses operate more efficiently and profitably, reduce environmental impact, and scale with confidence. For more information, visit www.qargo.com.
About Sofina
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 www.sofinagroup.com.
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