Freight is a business of phone calls, emails, and people chasing carriers at 2am, which is exactly the kind of work nobody wants to do and everybody has to pay for. Cargofy, founded in Kyiv and now operating across Europe, the US and the Caspian region, just raised a €9.6 million Series A to make most of those people unnecessary, or, in the friendlier framing, to give the people who remain ten times the reach.
The round was led by u.ventures, Toloka and Movens Capital, with Intercom co-founder Des Traynor among the angels. Tucked into the announcement is the detail that does the real talking: one of Cargofy’s earliest backers fully exited through the secondary, reportedly at more than 50 times their initial investment. When an early investor cashes out at 50x on a Series A, two things are true at once, the company is doing something right, and someone decided now was a fine time to take the money.
CEO Stakh Vozniak is blunt about the product: “We’re not building logistics software, we’re building AI infrastructure where companies can hire digital employees.” The agents plug into the 70-plus tools a freight team already runs, TMS, ERP, load boards, carrier compliance, and then do the unglamorous work: emailing carriers, handling documents, sending follow-ups, running dispatch around the clock in multiple languages.
“One person can now do the work of ten, and revenue per employee grows.” That sentence is either the future of freight or a very expensive way to annoy your carriers. Cargofy is betting on the former.
The traction it’s chosen to publicize is specific enough to be checkable, eventually: one dispatcher running a fleet ten times the usual size, a 315-truck operation saving roughly €72k a month, a US client cutting annual logistics costs by more than €4.3 million. The company also notes that about 90% of its staff are Ukrainian and it wants that closer to 60%, a reminder that the company building software to replace headcount is, like everyone else, mostly a hiring problem.
The money goes toward local “pods” in Germany, the Netherlands, France, Spain and more of the US, plus deeper agent capabilities. The risk is the one every “AI employee” carries: a carrier who realizes they’ve been talking to software for a week may not stay a carrier. But freight margins are thin enough that “do the work of ten” sells itself, and a Ukrainian-founded company expanding into the US off a 50x secondary is not the story anyone was expecting.