OkCargo Raises €2M in Debt Financing Led by CaixaBank

OkCargo Secures €2M Debt Round Led by CaixaBank

Madrid-based OkCargo has raised €2 million in debt financing, with CaixaBank leading the round. The funding was announced on September 17, 2026.

What OkCargo Does

OkCargo operates a digital platform for full-truckload (FTL) road freight in Spain. The company runs a proprietary, data- and AI-driven system that assigns each load to the optimal geolocation-equipped carrier.

According to the company, this approach reduced empty running to 8.2% of kilometers in Q2 2026 — less than half the Spanish interregional heavy-truck average. The result is lower operating costs for carriers and reduced CO2 emissions per service.

Funding History

This debt round follows an earlier equity raise. In 2022, OkCargo closed a €2.5 million first round led by Cardel Consultores.

Traction and Financial Position

The company reports that it reached a positive EBITDA margin in 2026. Its international activity grew approximately 210% year over year.

OkCargo serves shippers including Decathlon and Leroy Merlin.

Round Details

• Company: OkCargo
• Headquarters: Madrid, Spain
• Round type: Debt
• Amount: €2,000,000
• Lead investor: CaixaBank
• Announced: September 17, 2026

Why It Matters

OkCargo sits at the intersection of freight logistics and applied AI. Its core claim — cutting empty kilometers to 8.2% in Q2 2026 — targets one of the most persistent inefficiencies in road freight, where empty running directly inflates carrier costs and emissions.

The combination of a positive EBITDA margin in 2026 and roughly 210% year-over-year growth in international activity suggests the model is scaling beyond its home market. Debt financing from a bank such as CaixaBank, rather than a pure equity round, may indicate the company is funding working capital or asset needs against an operating base it considers proven.

For acquirers and strategic investors watching European freight tech, OkCargo represents a Spain-focused FTL operator with proprietary load-matching technology, an established shipper base that includes Decathlon and Leroy Merlin, and a stated path to profitability.

Key Facts at a Glance

• Digital FTL road freight operator in Spain
• AI-driven load-to-carrier assignment using geolocation data
• Empty running at 8.2% of kilometers in Q2 2026
• €2.5M first round in 2022 led by Cardel Consultores
• Positive EBITDA margin reached in 2026
• International activity up ~210% year over year
• Shippers include Decathlon and Leroy Merlin
• €2M debt round led by CaixaBank, announced September 17, 2026