Cargofive

Cargofive, founded in 2018, is a logistics technology company providing a cloud-based platform for freight forwarders. The company was established in Lisbon, Portugal, by co-founders Sebastian Cazajus, Andrea Van der Biest, Julio Avila, and the late Juan Francisco Garabato. CEO Sebastian Cazajus, originally from Argentina, drew upon his early career experiences in logistics, where he noted the industry's manual and inefficient processes, to build the company. He identified a need for a digital solution akin to 'Skyscanner for shipping containers' and, after ventures in other tech sectors, returned to logistics to co-found Cargofive.

The firm's core offering is a Software-as-a-Service (SaaS) platform designed to digitize and automate operations for freight forwarders. The business model is based on a monthly subscription. It centralizes and automates the management of carrier rate sheets, allowing users to search, compare, and manage ocean freight rates in a single location. Key features include freight rate management, automated quoting, real-time schedule and rate access, and sales analytics. The system utilizes Robotic Process Automation (RPA) and Machine Learning for file mapping and integrates via API with carriers and clients' existing ERP or CRM systems to streamline data exchange.

Cargofive aims to reduce the time and operational costs associated with manually sorting through emails and spreadsheets to generate quotes, turning a process that could take hours into minutes. The platform serves a global clientele, including industry leaders like Romeu & Cia and IContainers (part of Agility). The company has secured a total of $4.75 million in funding over several rounds, with investors including Indico Capital Partners, Lince Capital, Techstars, and EIT Urban Mobility. This capital is being used to enhance the product, expand sales and marketing efforts in Europe and the Americas, and grow its team.

Keywords: freight rate management, freight forwarding software, logistics automation, ocean freight rates, digital freight, quoting automation, supply chain technology, carrier integration, logistics saas, rate optimization, container shipping, maritime logistics, API integration, Sebastian Cazajus, freight analytics, transport management, digital logistics, shipping procurement, real-time freight, logistics data