Cargofive

Cargofive is a logistics solution founded in 2018 and based in Portugal. The startup's slogan "Empowering freight forwarders to be part of the digital era" reflects its core mission of enabling freight forwarders to embrace digital transformation in the industry. Cargofive's platform is tailored to digitize and optimize the pricing process for forwarders, ultimately streamlining their operations and reducing costs. The company's approach involves the processing and automation of rate sheets from carriers, aggregating freight rates from various providers for convenient quoting. Notably, its app integrates via API with different systems such as ERP or CRM, facilitating seamless data exchange. In addition, Cargofive has real-time integration with shipping companies, ensuring instant and updated information. The company recently secured a €2.50M Seed Round investment on 26 March 2024, with the funding coming from Indico Capital Partners and EIT Urban Mobility. This investment is poised to fuel the further expansion of Cargofive's platform, supporting its goal of driving digitalization within the freight forwarding sector.