Berlin's cargo.one goes multimodal with €17M deal
cargo.one’s operating system allows freight forwarders to automate their sales and procurement through AI-native infrastructure that supports the development of tailored agentic workflows.
Berlin-based logistics tech company cargo.one has acquired Lisbon's ocean rate platform Cargofive, backed by a fresh €17 million investment round with participation from Bessemer Venture Partners. The deal marks a major step in cargo.one's push to become the go-to AI-native operating system for multimodal freight.
Founded in 2017, cargo.one has spent years building structured air freight data infrastructure, connecting over 28,000 users across 172 countries to 75+ airlines and top carriers. Now, the acquisition adds direct connections to the top 10 ocean carriers and rate data spanning four million trade lanes, making it what the company claims is the industry's most complete multimodal rate database.
The core idea: most AI tools in logistics fail because they bolt onto fragmented data sources. cargo.one takes a different approach, embedding AI workflows directly into the same data platform that human teams use daily. The result, the company says, is 68% faster quote turnaround and 89% accuracy on automated quotes.
"Data and AI are inseparable," says Stefan Borggreve of Hellmann Worldwide Logistics. "When AI workflows operate using the same reliable data our people use daily, we can confidently deploy automation."
Cargofive founder Sebastian Cazajus, now VP Ocean at cargo.one, says forwarders have been asking for exactly this kind of integrated solution. "cargo.one has already set the standard in air. Together, we are bringing that same quality and scale to ocean freight."
The unified platform syncs with major TMS providers and is fully GDPR-compliant and ISO 27001-aligned.
Thinking about launching a business, setting up premises, or creating partnerships in Berlin?
We invite you to contact us.
Our team is ready to help you with our free consultation services.