Cargofy, an AI logistics technology startup that deploys “digital workers” to automate freight operations, has announced the close of a €9.6 million ($11 million)Series A, comprising €5.2 million ($6 million) in primary capital and €4.3 million ($5 million) in secondaries. The round was led by u.ventures, Toloka, and Movens Capital,
Rahul Raj
Cargofy, an AI logistics technology startup that deploys “digital workers” to automate freight operations, has announced the close of a €9.6 million ($11 million)Series A, comprising €5.2 million ($6 million) in primary capital and €4.3 million ($5 million) in secondaries.
The round was led by u.ventures, Toloka, and Movens Capital, with participation from Des Traynor, co-founder of Intercom, and other angel investors. The company notes that a Polish investor helped Cargofy close multiple enterprise clients in Poland before the funding round was finalised. One of Cargofy’s first backers fully exited through the secondary market, achieving over 50 times their initial investment.
“We’re not building logistics software — we’re building AI infrastructure where companies can hire digital employees for their operations. One person can now do the work of ten, and revenue per employee grows. That’s how we see the future of this industry,” Stakh Vozniak, CEO and founder of Cargofy.
Founded by Stakh Vozniak, Alex Kovalchuk, and Dimitri Alexiou, Cargofy is an AI platform that deploys digital workers for logistics companies, operating across Europe, the United States, and the Caspian region.
Cargofy states that it sells AI agents that mirror the workflows of human freight staff without changing how a company operates. The platform connects to 70+ existing tools, including TMS, ERP, load boards, carrier compliance, and every communication channel a team uses.
Agents communicate with carriers via email, handle documents, send follow-up messages, and organise dispatch operations, around the clock, in multiple languages and markets.
The company highlighted that it started earlier than most AI logistics startups and, after spending years embedded in freight operations, has accumulated terabytes of proprietary data. In 2023, it pivoted to build AI agents trained on that data.
Sharing details of its traction, Cargofy reports that one dispatcher manages a fleet ten times the usual size. A 315-truck fleet saves around €72.4k ($83K) per month, and one of its US clients reduced annual logistics costs by more than €4.3 million ($5 million).
“Their key advantage is the combination of strong AI expertise with a deep understanding of the needs and processes of shippers, carriers, and 3PL providers. This is what enables them to offer the most effective AI products in this market, while most other AI startups build universal solutions without accounting for the important nuances of the logistics industry,” said Bogdan Svyrydov, Principal at Horizon Capital and Venture Director at u.ventures.
The company intends to allocate this fund across three main areas. The first focus is on expanding local pods, with new pods planned for Germany, the Netherlands, France, Spain, and more US regions such as the Midwest, East Coast, and West Coast.
The company is also receiving inbound demand from Brazil, Mexico, and the Middle East, despite having done no marketing there, and plans to enter those markets next.
Secondly, the plan is to expand the global team; currently, about 10% of Cargofy’s staff are non-Ukrainian, with a goal of reaching 40%
Finally, it seeks to deepen AI agent capabilities. R&D investments will expand the agents’ functions from front-office tasks—such as client communication and order intake—to comprehensive back-office workflows, including billing, compliance, and carrier coordination.
Cargofy serves shippers, carriers, and third-party logistics providers across the full freight chain, covering front-office to back-office. Clients include SuuS, Nova Group, Zammler, Metinvest, and Vista.
