{"id":129743,"date":"2024-03-26T08:26:26","date_gmt":"2024-03-26T07:26:26","guid":{"rendered":"https:\/\/prod1-sb.designtech.space\/cargofive-e2-5-million-round-to-make-logistics-more-efficient\/129743\/"},"modified":"2024-03-26T08:26:26","modified_gmt":"2024-03-26T07:26:26","slug":"cargofive-e2-5-million-round-to-make-logistics-more-efficient","status":"publish","type":"post","link":"https:\/\/www.startupbusiness.it\/en\/cargofive-e2-5-million-round-to-make-logistics-more-efficient\/129743\/","title":{"rendered":"Cargofive, \u20ac2.5 million round to make logistics more efficient"},"content":{"rendered":"

Cargofive, which specialises in developing innovation in the shipping industry, today announces that it has successfully completed a funding round raising \u20ac2.5 million<\/strong>. This round sees the participation of Indico Capital and EIT Urban Mobility<\/strong>, an initiative of the European Institute of Innovation and Technology that is part of the European Union. This round follows a previous investment led by Shilling & Lince Capital, along with angel investors and PRR Nexus.<\/strong> In a world where the shipping industry is critical to global trade and economy, Cargofive is positioned as a transformative force. This industry, which is responsible for moving the goods we use every day, has long been hampered by antiquated processes. Freight forwarders often use outdated methods to find the best prices and schedules, going through endless spreadsheets, PDFs, and endless emails. Cargofive aims to change that with its platform that leverages cutting-edge technology, simplifying the process of identifying efficient routes and competitive pricing. It allows you to quickly generate customer quotes, turning what used to be a laborious and time-consuming task into a simpler, more efficient task. This innovation not only increases operational efficiency but also improves the customer experience in the shipping industry. Cargofive’s growth trajectory is significant, with a diverse customer base that includes over 100 small and medium-sized shippers and the top 50 worldwide.<\/strong> This demonstrates the platform’s broad impact and adaptability. In addition, the company’s partnerships encompassing major ERPs and large carriers, testifying to the company’s strong position in the industry. <\/p>\n

Expansion into Europe and the Americas<\/h2>\n

This new funding will fuel Cargofive’s further innovation and product improvement. The company intends to invest in marketing and sales for strategic expansion in Europe and the Americas. In addition, it will accelerate its product roadmap and expand its logistics footprint with new marine and domestic service integrations. The journey of Cargofive,which participated in the 2021 Techstars program in Turin<\/a>, towards sustainability and profitability continues with more resources at its disposal. Regarding the current industry landscape, Sebastian Cazajus, CEO and co-founder of Cargofive, comments in a note: “International shipping has largely remained offline until the last few years, causing products to cost more and arrive later than necessary.<\/strong> We launched Cargofive to transform this reality, with the aim of simplifying the way shippers operate, making them faster and more cost-effective.” Stephan Morais, managing general partner of Indico Capital Partners, adds: “Shipping is a huge market and one of the most important for transporting goods, it is one of the largest contributors to carbon emissions into the atmosphere.<\/strong> All solutions that increase the efficiency of transporting goods across oceans and reduce costs are positive in terms of greater sustainability.” Matteo Consonni, investment and portfolio manager at EIT Urban Mobility, says: “Operating at the intersection of maritime and land-based logistics, Cargofive is exactly suited to the innovation and ambition that EIT Urban Mobility wants to invest in.<\/strong> Cargofive’s potential lies both in its ability to revolutionise the management of goods flows, and in the innovative software that provides crucial information on the environmental impact of shipping routes. The decision to incorporate Cargofive in Portugal reflects our Investment Committee’s confidence in strengthening EIT Urban Mobility’s footprint in a region where water is a vital transport channel.”<\/p>\n","protected":false},"excerpt":{"rendered":"

The Lisbon-based startup closes the round with investments from Indico Capital and the EU’s EIT Urban 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Co-fondatore di Designtech, l\u2019hub di innovazione che avvicina il mondo del design con quello della tecnologia. Advisor di Austrian Business Agency, Emil Banca, Fondazione Symbola, Fondazione Quadrans. Partecipa regolarmente a incontri, convegni, conferenze dedicate all\u2019ecosistema dell\u2019innovazione. E\u2019 stato co-organizzatore degli Italian Innovation Day and Series che si sono svolti dal dal 2016 al 2020 nelle citt\u00e0 di Tokyo in Giappone, Melbourne, Adelaide, Perth, Canberra in Australia e Singapore e co-organizzatore dell\u2019Italy India Innovation Day di AIICP 2021 e 2022. Ha curato il volume \u2018L\u2019innovazione che non ti aspetti. 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