Zencargo secured $20 million in a round led by HV Capital

Zencargo, a London, UK-based freight services provider, announced that it secured a capital funding round of $20 million.

The money was raised from investors led by Holtzbrinck Ventures and included contributions from LocalGlobe, Picus Capital, Mato Peric, Pentland Ventures, Tom Stafford and Samos Investments.

Zencargo, founded by CEO Alex Hersham, Jan Riethmeyer, and Richard Fattal in 2017, developed a software platform that allows customers to book, manage, and track their international freight and use analytics to drive intelligent supply chain decisions that help their businesses thrive. The company enables shippers and their counterparts to collaborate and manage theirlogistics and also offers trucking and cargo insurance services.