Kardinal, a Paris, France-based route optimization solution, raised €10 million in Series A funding led by Benhamou Global Ventures, accompanied by Cap Horn Invest and Plug and Play Ventures, as well as its historical shareholder Serena.
With this Series A, Kardinal aims to become the European leader in optimizing last-mile logistics. For this, the company will deploy in new European geographies, particularly in Germany, which represents 25% of the continent’s logistics market share.
To support its growth, Kardinal plans to double its workforce and recruit 25 people by the end of 2022, mainly engineering, sales, and customer success profiles.
Company: SAS KARDINAL
Round: Series A
Funding Month: July 2022
Lead Investors: Benhamou Global Ventures
Additional Investors: Cap Horn Invest, Plug and Play Ventures, and Serena
Company Website: https://kardinal.ai/
Software Category: Route Optimization Solution
About the Company: Kardinal was created by Jonathan Bouaziz, Hugo Farizon, and Cédric Hervet, Kardinal is a technology company that supports logistics players in the digitalization and optimization of their transport operations. Kardinal thus provides its customers with innovative software solutions dedicated to performance optimization and decision support for more efficient, more agile, and more sustainable logistics. The company made the first round of 2 million euros in 2019 to develop its SaaS software. In 2020, Raphaël de Castilla, a recognized expert in the IT solutions market for logistics, joined the company and now holds the position of CRO to put his vision and expertise at the service of Kardinal’s development.