Qargo, a Ghent-based clever Transport Administration System (TMS) slicing working prices for European transport operators, at present introduced it has raised €28 million ($33 million) in Collection B funding.
The spherical was led by Sofina, the Belgian family-backed funding firm, alongside current investor Balderton Capital and follows Qargo’s speedy enlargement throughout key European logistic hubs within the final 18 months – taking complete funding raised to €46 million ($54 million)
Adriaan Coppens, CEO and co-founder of Qargo, says: “This spherical is a powerful endorsement of our progress and our mission to modernise transport administration. Since our Collection A we’ve grown income, clients and workforce at an distinctive tempo, whereas remaining extremely capital environment friendly. The Collection B funding permits us to proceed investing and develop the workforce in order that we will preserve providing the identical degree of customer support.”
In 2025, EU-Startups reported a number of adjoining developments in European transport and logistics expertise that assist contextualise Qargo’s Collection B.
Dublin-based Axe raised €1.5 million at pre-Seed to develop AI brokers that automate routine logistics duties, whereas Vok Bikes in Tallinn secured €5 million to develop manufacturing of electrical cargo bikes geared toward lowering city van site visitors. In rail-related operations, Berlin-based Menlo79 obtained €2.1 million to advance its cloud platform for workforce and planning optimisation.
Collectively, these rounds quantity to roughly €8.6 million, indicating that funding within the sector this yr has largely focused on early-stage automation and mobility options.
In opposition to this backdrop, Qargo’s considerably bigger Collection B stands out, reinforcing each the maturity of its transport administration proposition and continued investor curiosity in efficiency-driven logistics software program throughout Europe.
Anthony Keusters, Principal at Sofina, provides: “Qargo’s skilled workforce combines deep trade information with robust product velocity and shopper centricity. This leads to distinctive buyer traction. Highway transport is the spine of Europe’s economic system, and Qargo is delivering significant, measurable value and CO2 effectivity good points for fleets of all sizes. They’re constructing one thing genuinely transformative within the transport-technology market, and we’re excited to again them on the journey ahead.”
Based in 2020, Qargo is a cloud-based Transport Administration platform designed for carriers, freight forwarders, and 3PLs – serving to fashionable logistics firms digitise operations and automate repetitive guide work throughout the total transport cycle, from order entry and transport planning to optimising runs and constructing hundreds, invoicing, and reporting.
Qargo Intelligence, the platform’s AI engine, helps fashionable logistics firms to automate massive components of the end-to-end transport workflow, from order creation and route planning to optimising journeys, constructing hundreds, invoicing, and warehouse time-slot reserving.
This automation layer has reportedly helped clients spend as much as 75% much less time on repetitive guide administrative duties, saving lots of of hours every week throughout planning, customer support, and back-office groups.
With the addition of agentic AI that may work together with exterior programs, Qargo’s platform is lowering overhead prices and accelerating processes at a scale conventional TMS programs merely can’t match.
In the meantime, Qargo’s optimisation performance – which helps firms run fleets extra effectively – can allegedly lower empty operating by as much as 30%.
Stijn Gheyle, Chief Working Officer at CLdN Cargo, mentioned: “Effectivity, transparency, and suppleness are central to our buyer providing. Qargo’s clever transport administration platform gives the scalability and automation we have to additional improve our multimodal companies and ship a good higher expertise for our clients.”
Qargo’s progress since its Collection A in Might 2024 has been exponential, with buyer invoicing processed by means of the platform rising from €479 million (£420 million) to greater than €2.1 billion (£1.9 billion) a yr, and the client base increasing fourfold from round 100 to over 400.
The Collection B will permit Qargo to make use of the brand new funding to scale its workforce additional, develop into new markets, and speed up growth of its AI-driven product capabilities, whereas sustaining its independence and talent to associate with firms from family-run firms to enterprise companies.
