# Worldwide Freight Logistics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/worldwide-freight-logistics

- Industry: Internet
- Headquarters: London, UK
- Website: www.zencargo.com
- Total disclosed funding: $61M
- Latest round: Series B (Apr 4, 2022)
- Investors on record: 10

## About

Worldwide Freight Logistics Limited is a digital freight forwarding company focused on enhancing supply chain management efficiency through advanced technology and innovative logistics solutions.Founded in 2017, Worldwide Freight Logistics Limited operates from its headquarters in London, UK, specializing in digital freight forwarding and supply chain management. The company has successfully raised funding through five deals, with its latest being a Series B round in April 2022 that secured GBP 6.64 million from investors including Gemini Investments. The company is led by CEO Alex Hersham, who co-founded the company alongside Richard Fattal. The total amount raised by the company amounts to GBP 6.64 million, valuing it at GBP 211.39 million post-money.Worldwide Freight Logistics Limited, operating under the brand Zencargo, specializes in digital freight forwarding and supply chain management solutions designed to enhance operational efficiency for businesses. Their core offerings encompass logistics management for air, ocean, and road freight, all integrated into a sophisticated platform that employs AI-driven insights to optimize supply chain decisions. This platform provides real-time visibility and performance monitoring, addressing industry challenges such as inventory management, CO2 emissions reduction, and timely delivery of high-value cargo. Zencargo serves various clients, including retailers, wholesalers, and manufacturers, primarily in Europe, North America, and Asia.In the most recent fiscal year of 2023, Worldwide Freight Logistics Limited reported a revenue of GBP 50,272,333.60, with an EBITDA of GBP -14,343,482.70.Following the Series B funding round in April 2022, which raised GBP 6.64 million, Worldwide Freight Logistics Limited plans to utilize the funds to enhance its technological capabilities and expand its service offerings. The company aims to introduce new products focused on improving supply chain transparency and efficiency. Additionally, it is looking to penetrate new markets, particularly in North America and Asia, by 2024 to further increase its client base. This growth strategy is supported by the recent funding round, which has bolstered its overall valuation to GBP 211.39 million.

## Funding rounds

- Series B, Apr 4, 2022, $8.7M — Jigsaw, Gemini
- Series B, May 4, 2021, $36M — HV Capital, Yttrium
- Series A, Apr 11, 2019, $12M — HV Capital, Samos Investments, LocalGlobe, Picus Capital, Pentland Ventures
- Seed, Feb 6, 2018, $3.3M — Samos Investments, LocalGlobe, Picus Capital
- Seed, Mar 23, 2017, $0.3M — Force Over Mass Capital, Initial Capital

## Investors

- Force Over Mass Capital (https://capitalatlas.ai/funds/force-over-mass-capital) — Seed
- Initial Capital — Seed
- Samos Investments (https://capitalatlas.ai/funds/samos-investments) — Seed, Series A
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series A
- Picus Capital (https://capitalatlas.ai/funds/picus-capital) — Seed, Series A
- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Series A, Series B
- Pentland Ventures (https://capitalatlas.ai/funds/pentland-ventures) — Series A
- Yttrium (https://capitalatlas.ai/funds/yttrium) — Series B
- Jigsaw — Series B
- Gemini (https://capitalatlas.ai/funds/gemini) — Series B