What is Cargofive?
Founded in 2018 and based in Lisbon, Portugal, Cargofive provides a sophisticated logistics platform designed to empower freight forwarders. Its core functionality centers on optimizing and digitizing pricing processes, a critical area for efficiency and profitability in the global supply chain. By offering advanced tools for rate management and quotation, Cargofive aims to streamline operations for its clients, enabling them to respond faster to market dynamics and enhance customer service. The company operates within the burgeoning fintech and logistics technology space, a sector increasingly reliant on digital transformation.
How much funding has Cargofive raised?
Cargofive has raised a total of $4.6M across 2 funding rounds:
Other Financing Round
$1.9M
Other Financing Round
$2.7M
Other Financing Round (2023): $1.9M with participation from Shilling Capital Partners and Lince Capital
Other Financing Round (2024): $2.7M led by Indico Capital Partners and EIT Urban Mobility
Key Investors in Cargofive
Indico Capital Partners
Indico Capital Partners is a venture capital firm focused on investing in promising tech and sustainable companies, particularly from Portugal, Spain, and Italy. They specialize in sectors like SaaS and AI, supporting ambitious founders with capital and a collaborative network.
EIT Urban Mobility
EIT Urban Mobility is an initiative dedicated to decarbonizing and advancing sustainable urban mobility solutions across Europe. They foster innovation by connecting public administrations, academia, and startups to address urban mobility challenges and promote greener transportation.
Shilling Capital Partners
Shilling VC is an early-stage venture capital firm that invests in high-growth startups, providing capital and fostering a strong community of founders. They focus on supporting entrepreneurs aiming for global reach with investments typically ranging from €100K to €1M.
What's next for Cargofive?
The recent major strategic investment signals a new phase of expansion and development for Cargofive. This capital infusion is expected to fuel further innovation in its platform, potentially expanding its feature set to encompass broader supply chain visibility or advanced analytics. Strategic backing from investors like Indico Capital Partners and EIT Urban Mobility suggests a focus on scaling operations, enhancing market penetration, and potentially exploring new geographic regions. Cargofive's trajectory indicates a move towards solidifying its role as a key technology provider for the global freight forwarding industry, leveraging its digital solutions to drive efficiency and competitive advantage.
See full Cargofive company page
