Qargo lands $33M Series B to fuel AI-driven TMS growth in Europe
· Source: freightwaves.com
In short
Qargo, a Belgium-based AI-powered transportation management system, has secured $33 million in Series B funding led by Sofina, bringing its total funding to $54 million. The company has quadrupled its customer base and grown revenue fivefold in less than 18 months while expanding to six European markets. Qargo's platform helps logistics companies automate end-to-end transportation workflows, allowing customers to reclaim 75% of time spent on manual tasks and process $2.5 billion in annual invoicing.
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Tags: TMS, automation, funding, logistics, Europe, AI