Our Investment in Cargologik
Bringing supply chain visibility to cargo operations, the backbone of global trade
We’re excited to announce our investment in Cargologik, the all-in-one supply chain orchestration platform democratizing logistics technology for small and medium enterprises. The logistics industry is at an inflection point, transitioning from traditional, manual operations to intelligent, automated systems. Cargologik is at the forefront of this transformation, building the tools that will define how cargo operations work in the digital age.
The Problem: SMEs Left Behind in Supply Chain Innovation
Of the more than 200,000 importers bringing goods into the United States, 78% are small and medium enterprises with fewer than 50 employees (US Census). These companies form the backbone of our global supply chains, yet they've been chronically underserved by existing logistics technology solutions.
While enterprise customers have access to sophisticated supply chain management platforms, SMEs have been forced to rely on spreadsheets, email chains, and manual processes to track shipments worth millions of dollars. Existing enterprise solutions are prohibitively expensive, require lengthy implementation cycles, and demand technical resources that most SMEs simply don't have.
This creates massive inefficiencies throughout the supply chain. A large importer of perishable products and one of Cargologik's early customers was managing over 1,000 containers per month into major US ports using nothing more than Excel spreadsheets manually updated by a dedicated team. Before Cargologik, they routinely sent trucks to ports to pick up containers that weren't actually ready, resulting in wasted fuel, time, and money—and contributing to the estimated 35% of truck miles driven empty on US roads (FreightWaves).
The Solution: Affordable, Modular Supply Chain Orchestration
Cargologik has built what we believe is the first supply chain visibility platform designed specifically for the SME market. The platform offers:
Real-Time Visibility: By aggregating visibility data from ocean, air and other sources, Cargologik delivers more accurate and reliable tracking information than single-source solutions.
Streamlined Operations: Automated workflows replace manual processes for quotes, rate management, and shipment tracking, freeing up valuable time for logistics teams.
Collaborative Tools: Built-in communication features eliminate the need to switch between emails, phone calls, and disconnected systems.
Carbon Intelligence: Integrated CO2 reporting helps customers meet increasingly stringent environmental regulations while making more sustainable routing decisions.
Modular Pricing: Starting at just $99/month with a freemium option, making sophisticated logistics technology accessible to SMEs for the first time.
An Expanding Market Due to Global Supply Chain Pressure
The logistics software market is experiencing unprecedented growth, valued at $14.8B in 2024 and expected to reach $20B by 2031 at an 8.2% CAGR. This expansion is driven by mounting pressures on global supply chains, including climate-related disruptions (from Ukraine's wheat supply impact to West African cocoa crop failures), escalating trade tensions and tariffs, and stringent new regulations like the EU Deforestation Regulation (EUDR) requiring full supply chain traceability.
With $33 trillion in goods crossing borders globally in 2024 and increasing volatility, companies desperately need visibility tools. Yet existing solutions target expensive enterprise contracts, leaving 78% of US importers—small and medium enterprises—underserved. This creates a massive white space for Cargologik's affordable, modular platform.
Additionally, the logistics software sector offers multiple attractive exit opportunities. Anticipated IPOs from Flexport and ShipBob could create the industry's first $1B+ public companies, while serial acquirers WiseTech Global and Descartes have completed over 80 acquisitions since 2015 (Pitchbook). Recent deals include WiseTech's $414M acquisition of Blume Global and Descartes' $218M purchase of GroundCloud, demonstrating strong appetite for supply chain visibility platforms.
Cargologik's strategy of starting with underserved SMEs before expanding to enterprise customers positions it well for both strategic acquisition and eventual public market opportunities.
Commercial Validation: From SME to Enterprise
Cargologik has demonstrated strong product-market fit with initial customers reporting significant improvements in operational efficiency and cost reduction. In the last year, Cargologik has onboarded 10 paying customers, with 20 additional companies using the freemium product. The company has also attracted early enterprise interest, validating the platform's ability to expand upmarket over time.
With self-onboarding capabilities launching soon, the company will accelerate customer acquisition.
The Team: Proven Leadership
Gabriel de Godoy is the Chief Executive Officer of Cargologik. He has over 20 years of experience in international freight forwarding and supply chain solutions. He founded Freight Logistics in 2001 and nXT Software Solutions in 2006, both of which were later acquired. He is passionate about technology and supply chain management and as someone who lived his target customer’s pain points firsthand, he’s focused on finding innovative solutions to this industry’s problems.
Clemen Jespersen is the Chief Commercial Officer at Cargologik. He has over 12 years of experience in sales and logistics technology, holds a Bachelor and Master in Business Administration from Copenhagen Business School, and has previously served as CEO of ItsMyCargo and Chief Commercial Officer at Freightfy. He has a background in strategy, management, sales, HR, administration, and product development, and is motivated by introducing innovative products.
Our Investment Thesis: Efficiency Drives Sustainability
At Supply Change Capital, we invest in companies that can improve the efficiency and sustainability of food and agriculture value chains. Cargologik aligns by addressing waste and inefficiency at the foundational level of global trade.
In 2024, $33 trillion in goods and services crossed borders around the world (UNCTAD), with the US alone importing $3 trillion and exporting $2 trillion worth of goods (Forbes). Approximately 59% of all global food shipments are transported by sea, 31% by road and 10% by rail (Our World in Data).
The environmental impact potential is significant:
Reduced Empty Miles: Better visibility prevents unnecessary truck trips to ports before containers are ready, directly reducing fuel consumption and emissions.
Optimized Routing: Carbon intelligence tools help customers choose more sustainable shipping routes and carriers, with measurable CO2 reduction potential.
Supply Chain Resilience: Real-time visibility helps food companies better manage perishable goods, reducing spoilage and waste.
Regulatory Compliance: As the EU Deforestation Regulation (EUDR) and other traceability regulations take effect, Cargologik's platform helps SMEs meet new requirements without massive IT investments.
The company is already tracking impact KPIs including CO2 emissions avoided through better routing decisions and reduced empty truck loads—metrics that will become increasingly important as environmental regulations tighten globally.
We're excited to support Gabriel and the Cargologik team as they work to level the playing field in logistics technology, investing alongside existing investors Ocean Azul Partners and Blue Impact Supply Chain Ventures. By making sophisticated supply chain tools accessible to SMEs, they're not just building a business—they're helping create a more efficient, transparent, and sustainable global trade system.
The backbone of our supply chains deserves better than spreadsheets. Cargologik is delivering much more than that.
For more information:
Learn more about Cargologik at cargologik.com
Read our other portfolio company stories on our Substack