Cargofive
Cargofive is an AI-driven, cloud-based freight rate management platform that helps ocean, air, and multimodal freight forwarders digitize rate procurement, quoting, and contract management. It serves 200+ forwarders globally and was acquired by cargo.one in 2026.
- Company typePrivate
- Founded2018
- HeadquartersLisboa, Portugal
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Cargofive does
Cargofive is an AI-driven, cloud-based freight rate management platform that enables freight forwarders to digitize and automate their ocean, air, and multimodal rate procurement, contract management, and quotation workflows. Founded in 2018 in Lisbon, Portugal, the company serves more than 200 freight forwarders globally, including enterprise players such as XPO Logistics, KLN, Scan Global, Kerry Logistics (via Tuvia Italia), Cotransa Group, and OREY Shipping, alongside mid-market and boutique forwarders in Iberia, Italy, the US, and Brazil.
The platform is built around four integrated products: Ocean Rate Management (the core product for digitizing ocean freight contracts from spreadsheets, PDFs, and emails into a centralized database), Air Rate Management, Multimodal Quoting (for door-to-door quote generation across air and ocean), and an API Integration module for ERP and TMS connectivity. It connects to 25+ shipping lines, has processed over 100,000 contracts and more than 5 million rate searches, and applies LLMs alongside proprietary rate models to extract and standardize unstructured carrier data such as SPOT, FAK, and NAC rates. In June 2025, Cargofive became an official DCSA+ Partner, aligning with digital standards led by major carriers including MSC, CMA CGM, and Maersk.
Cargofive operates a SaaS subscription model with quote-based pricing and a hybrid product-led and sales-led go-to-market combining self-serve demos with direct enterprise outreach. The company raised approximately €4.3 million across two seed rounds in June 2023 (€1.8M) and March 2024 (€2.5M) from Indico Capital Partners and EIT Urban Mobility. On February 25, 2026, it was acquired by Berlin-based air freight platform cargo.one in a transaction backed by an approximately $20 million investment led by Bessemer Venture Partners, positioning the combined entity as an AI-native operating system for multimodal freight across 4 million trade lanes.
Cargofive firmographics
Firmographics- Name
- Cargofive
- Legal name
- Cargofiv S.A.
- Website
- https://cargofive.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Cargofive is an AI-driven, cloud-based freight rate management platform that helps ocean, air, and multimodal freight forwarders digitize rate procurement, quoting, and contract management. It serves 200+ forwarders globally and was acquired by cargo.one in 2026.
- Ownership category
- akta.pro rank
Cargofive industry classification
Industry- Product category
- Freight Rate Management Software
- NAICS
- Freight Transportation Arrangement (48851)
- SIC
- Arrangement Of Transportation Of Freight & Cargo (4731)
- akta.pro primary industry
- Shipper-Carrier Direct Contracting Networks (TLAEAJAC)
- akta.pro secondary industry
- Dedicated Lanes & Mini-Bid / RFP Marketplace Platforms (TLAEAJAG)
Keywords
Where Cargofive is headquartered
LocationHeadquarters
- HQ city
- Lisboa
- HQ country
- Portugal
- HQ region
- Europe
Offices2 records
Markets served
Cargofive business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Platform Subscription: Subscription-based access to the Cargofive freight rate management platform, providing rate management, quoting automation, and API integration capabilities
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise freight forwarders seeking full platform access |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
Cargofive product offering
Product offeringCore offering
Cargofive provides an AI-driven, cloud-based freight rate management platform that enables freight forwarders to centralize, digitize, and automate their rate procurement, contract management, and quotation workflows. The platform connects to 25+ ocean shipping lines and major ERP/TMS systems, converting rate data from spreadsheets, PDFs, and emails into a standardized database and reducing quote generation time from hours to minutes. Following the 2026 acquisition by cargo.one, the offering extends across air, ocean, and multimodal freight within a unified platform.
Product overview
Cargofive is an AI-driven, cloud-based freight rate management platform for freight forwarders. The platform provides a unified system for managing ocean, air, and multimodal freight rates through four integrated products: Ocean Rate Management (the core product for digitizing ocean freight contracts and real-time carrier connectivity), Air Rate Management (for air cargo rate management), Multimodal Quoting (an automation module for door-to-door quote generation across both transport modes), and API Integration (enabling connectivity with external ERP/TMS systems). The platform connects to 25+ shipping lines, has managed over 100,000 contracts and 5 million+ rate searches, and is now part of cargo.one's multimodal freight ecosystem following its acquisition in 2026.
Differentiator
Problem solved
Functional benefit
Products and services
- Ocean Rate Management Core product for ocean freight that enables freight forwarders to connect with major carriers in real time and digitize contracts from spreadsheets, PDFs, or emails in a centralized freight management system.
- Air Rate Management Rate management solution for air freight operations, enabling freight forwarders to access and manage air cargo rates, schedules, and quotes alongside ocean freight within the unified Cargofive platform.
- Multimodal Quoting Quoting automation feature that enables freight forwarders to quote door-to-door across both air and ocean freight in seconds, automating rate sorting and quote generation to help users close business faster.
- API Integration API-based integration module that allows freight forwarders to connect Cargofive's rate management, quoting, and scheduling capabilities with their existing ERP or TMS systems for automated operations.
Quantifiable outcome
- 90% time savings on quoting tasks
- +7 more outcomes
Companies that use Cargofive
Customer profileNamed customers11 records
Segments3 records
Ideal customer profiles2 records
Cargofive technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability5 records
Feature5 records
Cargofive partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship and core.
- cargo.oneflagshipAcquisition of Cargofive by cargo.one completed on February 25, 2026, creating the industry's first AI-native operating system for multimodal freight. The combined platform unifies air and ocean rate data, connecting to top 10 ocean carriers and spanning 4 million trade lanes, backed by approximately $20 million investment from Bessemer Venture Partners and other technology investors.
- DCSA (Digital Container Shipping Association)coreCargofive became an official DCSA+ Partner, demonstrating commitment to digital standards in container shipping. DCSA was founded by major carriers including MSC, CMA CGM, and Maersk to establish digital standards in the industry.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Cargofive competitors and assessment
Company assessmentDirect peers
- Xeneta: Xeneta provides ocean and air freight rate intelligence and benchmarking data to shippers and forwarders, directly competing with Cargofive in the rate visibility and rate management category for ocean and air freight.
- Freightos: Freightos operates a digital freight marketplace with rate quoting, booking, and rate management tools, overlapping with Cargofive's freight forwarder-focused rate management and quoting automation capabilities.
- Kontainers (Descartes): Kontainers, now part of Descartes, built digital freight forwarding tools including rate management and quoting for ocean freight forwarders, directly competing with Cargofive's core product before being absorbed into a larger TMS platform.
- Magaya: Magaya provides a freight forwarding management platform with rate management, quoting, and shipment automation capabilities targeting small and mid-sized forwarders, overlapping significantly with Cargofive's customer base and use cases.
- Turvo: Turvo offers a collaborative TMS platform for logistics providers including freight forwarders, providing rate management, quoting, and shipment execution capabilities in direct competition with Cargofive's rate management focus.
Emerging players
- Vizion API: Vizion API provides container tracking and rate data APIs for ocean freight, partially overlapping with Cargofive's carrier integration and rate data layer but focused more on visibility than contract management.
- project44: project44 provides supply chain visibility and lane-rate analytics across ocean, road, and air, partially overlapping with Cargofive's rate intelligence and integration capabilities as an emerging multimodal data player.
Broad incumbents
- WiseTech Global (CargoWise): WiseTech's CargoWise is the dominant global TMS platform for large freight forwarders, with embedded rate management, quoting, and EDI capabilities, representing a broad incumbent that competes with Cargofive at the enterprise end of the market.
- Flexport: Flexport is a digital freight forwarder with internal rate management technology, representing a broader incumbent that builds rather than buys rate management tooling and competes for the same forwarder customers.
- Descartes Systems Group: Descartes is a broad logistics technology incumbent offering TMS, customs, and rate management solutions (including via its Kontainers acquisition), competing with Cargofive across mid-market and enterprise forwarders.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Cargofive social profiles
Digital presenceCargofive financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cargofive leadership team
Management profileNumber of profiles
Profiles4 records
Cargofive funding detail
Funding detailFunding overview
Funding rounds5 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cargofive M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cargofive
What does Cargofive do?
Cargofive provides an AI-driven, cloud-based freight rate management platform that enables freight forwarders to centralize, digitize, and automate their rate procurement, contract management, and quotation workflows. The platform connects to 25+ ocean shipping lines and major ERP/TMS systems, converting rate data from spreadsheets, PDFs, and emails into a standardized database and reducing quote generation time from hours to minutes. Following the 2026 acquisition by cargo.one, the offering extends across air, ocean, and multimodal freight within a unified platform.
Is Cargofive a public or private company?
Cargofive is a private company. It is classified as corporate owned and is currently acquired.
When was Cargofive founded?
Cargofive was founded in 2018. It employs 11 to 50 people.
Where is Cargofive based?
Cargofive is headquartered in Lisboa, Portugal, in the Europe region.
How does Cargofive make money?
One revenue line is on record: saaS Platform Subscription.
Who are Cargofive's main competitors?
Direct peers on record are Xeneta, Freightos, Kontainers (Descartes), Magaya and Turvo. Emerging players are Vizion API and project44. Broad incumbents are WiseTech Global (CargoWise), Flexport and Descartes Systems Group.
Does Cargofive have an API?
Yes. Cargofive offers API integration capabilities that allow freight forwarders to connect their quotes, rates, and schedules with their existing ERP or TMS systems. The integration enables automated operations and data synchronization between Cargofive's rate management platform and external enterprise systems.
What industry is Cargofive in?
Cargofive's product category is Freight Rate Management Software. Its primary akta.pro industry code is TLAEAJAC, Shipper-Carrier Direct Contracting Networks, with a secondary code of TLAEAJAG, Dedicated Lanes & Mini-Bid / RFP Marketplace Platforms. Its NAICS code is 48851 and its SIC code is 4731.