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Qargo
Intelligent cloud TMS for European road freight
About Qargo
Qargo is a Ghent-based cloud Transport Management System (TMS) founded in 2020 by Adriaan Coppens that helps carriers, freight forwarders and 3PLs digitise the full road-transport cycle from order entry and planning to load building, invoicing and reporting. Qargo Intelligence, its AI layer, automates repetitive admin and optimisation so customers can cut empty running and reclaim planner time; press cites invoicing through the platform rising from about €479 million to more than €2.1 billion a year and the customer base expanding from roughly 100 to over 400 after Series A. In December 2025 Qargo raised €28 million ($33 million) Series B led by Sofina with returning Balderton Capital, taking total investment to €46 million ($54 million), to scale the team, markets and agentic AI product while remaining independent. Sources: EU-Startups 11 Dec 2025.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Dec 2025 | $31M | $125M | Balderton Capital · Sofina | ↗ |
| SERIES AOther financing | Jun 2024 | $13M | $53M | Balderton Capital | ↗ |
Growth signals
Latest recorded traffic for Qargo is 90K monthly website visits, up 20% over the last three months. Qargo's team grew 49.2% over the past year.
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Seed1 investor entered at this stage
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Series A2 investors entered at this stage
Source: Dealroom Talent Intelligence.
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team presence
Market sentiment
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