Cargofy Raises €9.6 Mn in Series A Round

The funding includes €5.2 million ($6 million) in new capital and €4.3 million ($5 million) through secondary share sales. The round was led by u.ventures, Toloka, and Movens Capital, with support from angel investors, including Intercom co-founder Des Traynor.

The company said a Polish investor helped it win several enterprise customers in Poland before the funding round closed. Meanwhile, one of Cargofy’s earliest investors completely exited their stake through the secondary sale, earning more than 50 times their original investment.

“We’re not building logistics software — we’re building AI infrastructure where companies can hire digital employees for their operations. One person can now do the work of ten, and revenue per employee grows. That’s how we see the future of this industry,” Stakh Vozniak, CEO and founder of Cargofy.

“Their key advantage is the combination of strong AI expertise with a deep understanding of the needs and processes of shippers, carriers, and 3PL providers. This is what enables them to offer the most effective AI products in this market, while most other AI startups build universal solutions without accounting for the important nuances of the logistics industry,” said Bogdan Svyrydov, Principal at Horizon Capital and Venture Director at u.ventures.

Founded by Stakh Vozniak, Alex Kovalchuk, and Dimitri Alexiou, Cargofy is an AI-powered logistics platform that helps freight and transportation companies automate their daily operations. The company serves customers across Europe, the United States, and the Caspian region.

The platform uses AI "digital workers" that perform many of the same tasks as human freight employees. These AI agents are designed to fit into a company's existing workflow, so businesses do not need to change the way they operate.

Cargofy can connect with more than 70 business tools and systems, including transportation management software (TMS), ERP platforms, load boards, carrier compliance tools, and communication channels. This allows companies to automate processes while continuing to use the software they already rely on.

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