Qargo, the AI-powered transport management platform transforming Europe’s logistics sector, has raised 33 million euros in Series B funding as rapid adoption propels the company into new markets.
The round, led by a major Belgian family investment group alongside existing investors, brings Qargo’s total capital raised to 54 million dollars.
The company’s momentum has been striking. In just 18 months, Qargo expanded from 2 to 6 European logistics markets, quadrupled its customer base from 100 to more than 400, and lifted the annual value of invoices processed on its platform from 420 million pounds to over 1.9 billion pounds.
Qargo’s cloud-native Transport Management System (TMS) and AI engine, Qargo Intelligence, automate large portions of the end-to-end transport workflow; from order creation and routing to load building, billing, and warehouse slot booking.
Customers report up to 75 percent reductions in time spent on repetitive administrative tasks, translating into hundreds of hours saved per week across planning and back-office teams.
The platform also helps operators reduce empty miles by up to 30 percent, a critical efficiency gain in a sector squeezed by competition, decarbonisation pressures, and rising cybersecurity risks.
Qargo’s growing suite of autonomous AI capabilities enables communication with external systems and delivers automation levels that traditional TMS solutions struggle to match.
Security remains a core pillar. Qargo holds ISO 27001 certification, operates entirely on Google Cloud with Cloud Armor protection, and employs tools such as Aikido for continuous code scanning, supplemented by regular penetration testing.
As subcontracting remains central to logistics profitability, the company’s real-time collaboration environment, Qargo Network, allows transport firms to share work with the same level of visibility and control as if jobs were handled by their own fleets, removing the manual back-and-forth that typically slows coordination.
With its Series B funding, Qargo plans to grow its team, enter additional European markets, and accelerate development of its AI-driven product capabilities, all while maintaining its independence and ability to work with both family-owned firms and major industry players.
