08-10 October 2024

Antwerp expo Belgium

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Qargo raises €12 million / £11 million from Balderton Capital to build the all-in-one platform to streamline the logistics industry

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Qargo

Qargo raises €12 million / £11 million from Balderton Capital to build the all-in-one platform to streamline the logistics industry

Qargo raises €12 million / £11 million from Balderton Capital to build the all-in-one platform to streamline the logistics industry

The logistics industry is facing challenges including rising operating costs, demands to decarbonise, increases in fuel prices and a growing wave of cyber attacks, leading to lower margins. Over the past year, nearly 500 haulage companies collapsed in the UK alone under the weight of these pressures. To succeed, companies must streamline operations and automate manual processes to improve profitability.

Founded in 2020 by Adriaan Coppens (CEO), Joeri de Turck (CTO) and Sander de Wilde (Head of Engineering), Qargo’s solution addresses the needs of logistics companies and empowers them to achieve a more profitable and sustainable future.

Transport management software provides enterprise resource planning for logistics companies; this market is expected to grow to $19.1 billion by 2032. From order entry to route planning, tracking loads and invoicing customers, companies need an end-to-end solution which can handle all their needs. Traditionally the industry has relied on legacy systems, built-on-premise, with clunky, inflexible software, or offline Excel spreadsheets.

In contrast, Qargo’s cloud-first SaaS platform integrates seamlessly with customers’ systems, serving as their operating system. Qargo customers can process orders up to 10 times faster than traditional tools, auto-import PDFs and automate address lookups to make route planning and deliveries easier. The planning algorithm automatically combines loads into optimal journeys that minimise distance, duration and carbon emissions. This allows Qargo customers to reduce the number of empty miles, with empty or unfilled trucks producing more emissions than all international flights combined. Qargo also enables logistics companies to provide a great customer experience thanks to a state-of-the-art customer portal and deep integrations with shipper systems, so they have real-time visibility into transit for peace of mind.

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