Zencargo, the London-based digital freight forwarder enabling organizations, from FTSE 100 businesses to fast-growing startups, 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 significantly 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.
We are in an era of unprecedented supply chain disruption, caused by the pandemic, Brexit, and even the recent Suez Canal blockage. Tomorrow will mark 50 days since the beginning of the Ever Given crisis.
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.