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Logistics startup Zencargo raises $20M to take on the antiquated business of freight forwarding

Written by CRETech | Apr 17, 2019 11:59:26 AM

Move over, Flexport. There is another player looking to make waves in the huge and messy business of freight logistics. Zencargo — a London startup that has built a platform that uses machine learning and other new technology to rethink how large shipping companies and their customers manage and move cargo, or freight forwarding as it’s known in the industry — has closed a Series A round of funding of about $19 million.