Zencargo fetches over $4 mln
Summary
24 SEPTEMBER 2018, LONDON — Zencargo, the digital freight forwarder today announces its seed plus round, led by LocalGlobe, with participation from Samos Investments and Picus Capital bringing total funds raised to over $4m.Their technology acts like an extension of our team; helping to increase visibility into our supply chain, minimising the amount of admin and communication required and allowing us to focus on developing and improving the way we operate rather than continually chasing it.”“Our mission is to simplify and automate international trade, making it easier for all companies to access high quality services in what has traditionally been a relationships-centred industry,” said Richard Fattal, Chief Commercial Officer.Mr Fattal, started his career at Morgan Stanley and subsequently was on the receiving end of the industry’s problems whilst working as an agricultural commodity trader in West Africa.They are joined by co-founder Jan Reithmeyer, who most recently built German loyal platform Bonusbox (raised $12m) and brings a wealth of machine learning experience to the team.