The start-up Qargo announces a fundraising of 33 million dollars (around 30.7 million euros) in series B, led by SOFINA and BALDERTON CAPITAL. Founded in 2020 by Adriaan Coppens, the company is developing a solution that aims to transform road transport management in Europe.
Qargo claims its solution can reduce empty trips by up to 30%. A major challenge when we know that on average, one truck in four travels without loading in Europe. This inefficiency is costly for carriers and can be explained by poor coordination between the different missions.
The solution is based on Qargo Intelligence, an artificial intelligence engine that automates route planning, order management, invoicing and logistics tracking. The goal is to reduce manual administrative tasks by 75%. The major innovation lies in agentic AI, capable of automatically interacting with external systems (ERP, WMS, partner platforms) to optimize the allocation of resources in real time. Qargo Network, the mission sharing module, allows carriers to pool their capacities in a secure environment, thus facilitating the sequencing of journeys.
The rate of 30% does not constitute a guaranteed average, but an achievable objective under optimal conditions: complete and structured data, extensive partner network, regular flows and flexible planning. Performance also depends on the company profile. A regional carrier with recurring routes will benefit more from optimization than a player managing varied flows with strong constraints.
Aware that optimization requires total transparency on available loads and capacities, Qargo highlights its ISO 27001 certification and its secure infrastructure (Google Cloud hosting, continuous audits, regular penetration tests).
With over 400 customers and £1.9 billion in revenue processed annually, Qargo now has a total of $54 million in funds raised. The company offers a coherent technological tool, but the realization of its promises will depend on the digital maturity of the players and their ability to collaborate in an open ecosystem.
