Overview
Berlin-based cargo.one has secured nearly €17 million ($20 million) in investment and acquired Lisbon's cargofive, enhancing its AI technology for logistics. This deal aims to modernize freight procurement and rate management by integrating air and ocean freight data into a unified platform. Key investors include Bessemer Venture Partners. Founded in 2017, cargo.one connects freight forwarders with extensive rate data, while cargofive, established in 2018, focuses on automating ocean freight processes.
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Investors: Bessemer Venture Partners
Berlin-based cargo.one has secured nearly €17 million ($20 million) in investment and acquired Lisbon's cargofive, enhancing its AI technology for logistics. This deal aims to modernize freight procurement and rate management by integrating air and ocean freight data into a unified platform. Key investors include Bessemer Venture Partners. Founded in 2017, cargo.one connects freight forwarders with extensive rate data, while cargofive, established in 2018, focuses on automating ocean freight processes.