Zencargo raises £30M after Suez Canal blockage to enter foreign markets

London-based digital freight forwarder, Zencargo, enables organisations to make smarter decisions by providing a real-time overview of their supply chain using AI machine learning. In a recent development, the company has raised £30 million Series B funding.

The investment round in Zencargo was led by Digital+ Partners along with participation from existing investors including HV Capital. The company intends to use this latest round of funding to double its team from 150 to 350 people in two years. Also, Zencargo eyes to expand internationally, establishing its presence in the Netherlands, Hong Kong, and the United States.

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