TOLOKA.vc Invests $1.2 Million in Forward Group
Ukrainian investment syndicate TOLOKA.vc has invested $1.2 million in Forward Group, a FreightTech company with Ukrainian roots, which has developed an AI platform for automating logistics processes for carriers, shippers, and 3PL operators.
- The investment size is typical for TOLOKA.vc. While the syndicate initially planned to invest between $500,000 and $700,000, it has increasingly been backing startups with checks exceeding $1 million.
- Over the past two years, TOLOKA.vc has made 22 investments totaling more than $22.5 million.
Forward’s solutions are already used by fleets, shippers, and freight brokers in the US and Europe, and the company is showing one of the fastest growth rates in the logistics AI segment.
- Over the past six months, Forward has doubled Cargohub’s revenue and reached $9.1 million in ARR, with a gross margin of 71% and more than 2,000 paying Cargofy customers.
- The company has begun onboarding its first enterprise fleets in the US (with 100+ trucks). One customer has reduced its annual logistics costs by more than $5 million through optimized operations. Forward’s unit economics show a LTV-to-CAC ratio of approximately 9.5 times, with revenue per employee of $171,000.
- Forward Group was founded by entrepreneur Stakh Vozniak.
- In 2026, the team plans to scale the business to a $200–250 million valuation. It is considering potential M&A opportunities with strategic market players such as Uber Freight, Flexport, Transporeon, DHL, Maersk, and CH Robinson.
Forward Group operates at two key points in the logistics value chain.
Cargofy is an AI dispatcher for carriers that automates freight search, booking, load optimization, and driver communication through integrations with major freight exchanges and telematics systems such as Samsara and Project44. With Cargofy, a single dispatcher can manage a fleet 10 times larger, while a fleet of 315 trucks can save up to $83,000 per month by reducing downtime and optimizing routes.
Cargohub, the company’s second product, is a procurement automation platform for shippers and 3PL operators. It optimizes the entire tender cycle — from sending RFQs to collecting bids, ranking them, and generating counteroffers. On average, customers run more than 250 tenders per month, with the procurement cycle reduced from several days to just a few hours. Both solutions integrate with ERP and TMS systems and operate via email, voice AI, WhatsApp, and API, allowing companies to adopt AI without changing existing workflows.
The global logistics software market is estimated at $14.4 billion, with an average projected annual growth rate of 18%. While AI adoption in logistics is still in its early stages, Forward stands out as one of the few companies working with both sides of the market — carriers and shippers.
Read an in-depth interview with the founders of TOLOKA.vc.
TOLOKA.vc Invests $1.2 Million in Forward Group
Ukrainian investment syndicate TOLOKA.vc has invested $1.2 million in Forward Group, a FreightTech company with Ukrainian roots, which has developed an AI platform for automating logistics processes for carriers, shippers, and 3PL operators.
- The investment size is typical for TOLOKA.vc. While the syndicate initially planned to invest between $500,000 and $700,000, it has increasingly been backing startups with checks exceeding $1 million.
- Over the past two years, TOLOKA.vc has made 22 investments totaling more than $22.5 million.
Forward’s solutions are already used by fleets, shippers, and freight brokers in the US and Europe, and the company is showing one of the fastest growth rates in the logistics AI segment.
- Over the past six months, Forward has doubled Cargohub’s revenue and reached $9.1 million in ARR, with a gross margin of 71% and more than 2,000 paying Cargofy customers.
- The company has begun onboarding its first enterprise fleets in the US (with 100+ trucks). One customer has reduced its annual logistics costs by more than $5 million through optimized operations. Forward’s unit economics show a LTV-to-CAC ratio of approximately 9.5 times, with revenue per employee of $171,000.
- Forward Group was founded by entrepreneur Stakh Vozniak.
- In 2026, the team plans to scale the business to a $200–250 million valuation. It is considering potential M&A opportunities with strategic market players such as Uber Freight, Flexport, Transporeon, DHL, Maersk, and CH Robinson.
Forward Group operates at two key points in the logistics value chain.
Cargofy is an AI dispatcher for carriers that automates freight search, booking, load optimization, and driver communication through integrations with major freight exchanges and telematics systems such as Samsara and Project44. With Cargofy, a single dispatcher can manage a fleet 10 times larger, while a fleet of 315 trucks can save up to $83,000 per month by reducing downtime and optimizing routes.
Cargohub, the company’s second product, is a procurement automation platform for shippers and 3PL operators. It optimizes the entire tender cycle — from sending RFQs to collecting bids, ranking them, and generating counteroffers. On average, customers run more than 250 tenders per month, with the procurement cycle reduced from several days to just a few hours. Both solutions integrate with ERP and TMS systems and operate via email, voice AI, WhatsApp, and API, allowing companies to adopt AI without changing existing workflows.
The global logistics software market is estimated at $14.4 billion, with an average projected annual growth rate of 18%. While AI adoption in logistics is still in its early stages, Forward stands out as one of the few companies working with both sides of the market — carriers and shippers.
Read an in-depth interview with the founders of TOLOKA.vc.
