Zencargo raises £30m in investor funding

11th May 2021

Logistics BusinessZencargo raises £30m in investor funding

Zencargo, the London-based digital freight forwarder enabling organisations to make smarter decisions through a real-time overview of their supply chain, has raised £30m in Series B financing, led by Digital+ Partners, and with participation from existing investors including HV Capital.

Zencargo will use this latest round of funding to grow its team from 150 to 350 people over the next two years and further expand internationally to the Netherlands, Hong Kong, and the United States. Zencargo has now raised a total of £42m, and is targeting revenues of £100m for this year, and over £200m for 2022.

Zencargo is a digital freight forwarder moving sea, air and road cargo, enabling businesses to be more efficient, accurate, and sustainable in their logistics operations.

Relied upon by the likes of Vivienne Westwood, Swoon Furniture, Farfetch, and Soho Home, Zencargo not only handles all the necessary components of transporting goods, from point of production to end-customer, including warehousing, packing, documentation, and customs clearance, but also provides complete visibility of the supply chain down to the item level.