Cargofive, a Lisbon, Portugal-based provider of advanced technology for equipping freight forwarders to find the best routes, prices and send quotations to customers, raised €1.8M in funding.
The round was led by Lince Capital and Shilling, with participation from angel investors and funds from the European Union (PRR) as part of the Nexus project.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Sebastian Cazajus, Cargofive leverages technology to modernize and streamline freight forwarders processes. Its platform facilitates the identification of optimal routes and competitive prices, and generates customer quotations with a few clicks. In addition, the system is integrated with the main ERPs.
The company has been growing at a rapid pace, tripling its sales over the past year, with around 100 clients in more than 10 countries. The roster of clients includes industry leaders such as Romeu & Cia -part of the logistic holding Grupo Romeu-, and IContainers (Agility).
FinSMEs
07/06/202