HV Holtzbrinck leads $19m series-A for Zencargo

New investors Pentland Ventures and business angel Tom Stafford joined existing investors Picus Capital, LocalGlobe and Samos Investments for this round.

HV is currently investing from its Holtzbrinck Ventures Fund VII, which closed on €306m in January 2018. The fund offers first-round investments between €500,000-5m, with up to €40m available in follow-on financing.

The capital will be used to develop the company's software for manufacturers and clients.

Previous funding
Business angel Ricardo Schaefer, Initial Capital and Force Over Mass Capital participated in a seed round for Zencargo in 2017.

Samos Investments led a seed round for the company in January 2018 and LocalGlobe led a seed round in September 2018. LocalGlobe's round raised $4m, with participation from Samos Investments, Picus Capital and MPGI.

Company
Zencargo offers software that helps manage and move cargo for the sea, air and road shipping industry. The platform allows customers to book, manage and track international freight. The company is based in London and was founded in 2017. It employs 50 people.

People
HV Holtzbrinck Ventures – Christian Saller (partner).
Zencargo – Alex Hersham (co-founder, CEO); Richard Fattal (co-founder, head of growth).

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• Topics
• Expansion
• UK / Ireland
• Technology
• Venture
• United Kingdom
• Holtzbrinck Ventures
• Initial Capital