Cargo One to get $18.6 million Series A round of funding led by Index Ventures.

cargo.one, a Berlin, Germany-based  business operating a marketplace for booking air freight, announced that it closed an $18.6 million Series A round of funding

The investment round was led by Index Ventures and included contributions from Next47 and existing investors Creandum, Lufthansa Cargo and Point Nine Capital, along with a number of angel investors — including Tom Stafford of DST Global and Carlos Gonzalez-Cadenas (COO of GoCardless and former chief product officer of Skyscanner).

Proceeds will be used for expanding the business, with the team aiming to increase the number of airlines signed up — including beefing up coverage in Europe. Cargo.one is also targeting expanding into North America and Asia — planning to triple headcount to 70 staff by the end of the year via an aggressive hiring drive.

cargo.one, founded in 2017 by CEO Oliver Neumann and Moritz Claussen, developed a logistics transportation platform that currently comprises some 1.1 million+ air freight offers per month, covering 120+ countries and 300 airports globally. The platform also has 12 airlines signed up to use the platform to book in freight shipments, including Lufthansa, All Nippon Airways, Finnair, Etihad, AirBridgeCargo and TAP Air Portugal. It launched the booking product in 2018, with Lufthansa Cargo as the first airline signed up.

Prior to this round, cargo one raised about $3.2 million in venture funding.