Qargo raises $6m in seed funding from Stride to expand its transport management platform.
The seed round was led by Stride with participation from high-profile technology executives.
≈ £5.2M at $1 = £0.8623 on 9 Sep 2022
London-based Qargo provides a cloud-native transport management platform designed to help logistics operators automate workflows and reduce emissions.
Qargo has secured $6m in seed funding to scale its operations and accelerate international growth. Stride led the round, with additional backing from angel investors including Stephane Kurgan and Breon Corcoran.
The London-based startup provides a next-generation transport management platform designed to eliminate inefficiencies in road freight. The fresh capital will be deployed to support international expansion and strengthen sales and customer support functions.
Founded in 2020, the company spent nearly two years on research and development before launching its product in 2022. Its software aims to reduce empty truck journeys and lower carbon emissions across European logistics networks.
From the founder
"Developing a next-generation road TMS is extremely complicated once you dive into the details. You have to be a little crazy to go after it, and you need exceptional engineering, product and design capabilities. It’s the kind of challenge we just had to go after,"
Joeri De Turck
CTO at Qargo
Investor perspective
"To deliver value, you have to solve hard problems. At Stride, we are big fans of teams who go after overlooked and underserved markets and have done the hard work of understanding the unique needs of their customers deeply. The Qargo team has demonstrated this amply"
Fred Destin
Founder, Stride
Use of funds
- 01Expand into international markets
- 02Invest in sales and marketing
