OkCargo lands €2M from CaixaBank to scale its truck freight platform
What's the deal? Spanish digital freight operator OkCargoDealroom has a profile for this one. Try Dealroom → has raised €2 million ($2.3 million) in growth-stage debt financing led by CaixaBankDealroom has a profile for this one. Try Dealroom →'s debt fund. The company, cofounded by Luis Sanz, specialises in full-truck-load road haulage and will use the money to execute its 2026-2028 growth plan.
Why now? The financing follows a first half of 2026 marked by growth and improving profitability. In the second quarter, OkCargo grew loads handled by 32.5% and revenue by 39.7% year on year.
What's the endgame? OkCargo connects freight to trucks through technology-driven planning and matching. Its international activity rose 210% in the second quarter, while its empty-kilometre rate fell to 8.2% as operations grew denser.
The company structured the deal as growth debt, which it describes as an instrument for tech companies with "a clearly validated business model" in a scaleup phase, complementing earlier equity rounds. (translated from Spanish)
Where the money goes: The funds will back technology and product, including new features, automation, and AI assistants for operational and commercial processes. OkCargo also plans to expand international flows and key domestic corridors, and to hire across its sales and technology teams.
The signal: Debt financing for a profitable, scaling logistics startup shows lenders are willing to back validated digital freight models as an alternative to dilutive equity — a route more European scaleups are testing as they chase growth with capital efficiency.
Read more: expansion.com
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