- Zencargo provides ocean, road, air, and rail freight services.
- London-based Zencargo will be utilizing the funding to open workplaces in The Netherlands.
- The funding is raised in Series B round led by Digital + Partners, along with HV Capital.
- Zencargo’s cutting-edge technology: Deep industry experience and knowledge are transforming the supply chain
Zencargo provides ocean, road, air, and rail freight services. It developed a platform for customers to book, manage, and track their international freight. It uses analytics to drive intelligent supply chain decisions that help its businesses thrive.
Zencargo enables shippers and their counterparts to collaborate and manage their logistics. It also offers tracking and cargo insurance services. Alex Hersham, Jan Riethmeyer, and Richard Fattal founded Zencargo on January 4, 2017. It has its headquarters in London in the United Kingdom.
Zencargo raises $42M to expand platform internationally:
Zencargo has created a digital platform to enable goods forwarding. It is the process by which companies organize and track the movements of those goods. CEO Alex Hersham co-founded the company with Richard Fettle (CCO) and Jan Rethmeye. He says the London-based Zencargo would use the funds to open offices in The Netherlands, Hong Kong, and the US.
And to begin to step into trade finance – an important lever to facilitate trading activities that are the bread and butter of Zencargo’s business. Series B is being led by Digital + Partners, along with HV Capital, which also led its previous round. Zencargo is not disclosing its valuation, but the company – which provides services to both companies and distributors such as Amazon – to ship goods to its fulfillment centers.
Zencargo’s services will certainly continue to see increasing demand:
Companies like Zencargo – like elsewhere in Flexport – have built digitized platforms to manage all of this, tracking items by SKU data, matching shipments with real-time information in sales and demand, and a variety of Balancing freight options. Zencargo’s services will certainly continue to see increasing demand in line with the growth of the logistics industry, but the curveballs of the past several years, and especially the last 12 months that have affected the shipping business, remain an interesting path ahead.
Zencargo and others are nonetheless coping with the fallout of these delays, though it’s highlighted the necessity for blended approaches when it comes to shifting items, with some gadgets shipped slower by sea, and others sooner by air or street