Zencargo raises £30m in Series B funding led by Digital+ Partners to scale operations and international reach.
The Series B round was led by Digital+ Partners with participation from HV Capital.
Zencargo is a digital freight forwarder that provides businesses with a real-time overview of their supply chain to support operational decisions. The platform handles transport logistics from production to the end customer while offering visibility down to the item level.
Zencargo has secured £30m in Series B funding led by Digital+ Partners, with continued participation from existing backer HV Capital. The company plans to use the new capital to expand its headcount significantly and scale its international footprint across the Netherlands, Hong Kong, and the United States. Additional funds will also support its entry into trade finance under the direction of its newly appointed chief financial officer.
The raise follows a period of heavy disruption across global shipping markets caused by Brexit, the pandemic, and the Suez Canal blockage. Zencargo provides software and logistics services that help clients navigate supply chain bottlenecks and improve operational sustainability.
From the founder
"With global freight reliability so low as a result of the pandemic, Brexit, and even the Suez Canal delays, it’s more important than ever for businesses to make informed supply-chain decisions that will enable them to serve and satisfy their customers, and Zencargo is the perfect partner to help them do that,"
Alex Hersham
CEO at Zencargo
Investor perspective
"The freight industry has struggled to keep pace with innovation. Archaic processes are still in place across the board, resulting in widespread inefficiencies,"
Patrick Beitel
Managing Director and Founding Partner, Digital+ Partners
Use of funds
- 01Grow the team
- 02Expand into international markets
- 03Scale operations
Investors
Categories
About the company
Zencargo
Zencargo is a digital freight forwarder that helps organisations manage their supply chains through real-time data.