# Cargo Chief

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cargo-chief

- Industry: Software
- Headquarters: Millbrae, US
- Website: www.cargochief.com
- Total disclosed funding: $13M
- Latest round: Series A (Jan 25, 2019)
- Investors on record: 5

## About

Cargo Chief, Inc. specializes in digital freight matching and capacity procurement solutions, enhancing operational efficiency for freight brokerages and logistics providers.Founded in 2012 in Millbrae, US, Cargo Chief, Inc. offers innovative solutions for freight brokers. The company has raised a total of USD 2.5 mn through a Series A funding round in January 2019, led by BootstrapLabs. The firm has completed 3 deals since its inception, demonstrating its growth in the logistics technology sector. Russell Jones serves as CEO, continuing the vision set by co-founders Chris Arredondo and Russell Jones, who have backgrounds in logistics and technology.Cargo Chief specializes in capacity procurement and digital freight matching solutions designed to enhance operational efficiency for freight brokerages, particularly targeting small to mid-market businesses. The company’s core offerings include the C4 platform, which utilizes artificial intelligence and machine learning to provide users with access to a pre-vetted carrier network, ensuring reliable capacity across various freight lanes. This platform allows brokers to set competitive rates based on predicted market rates and automates the load booking process, thereby optimizing time and resources. By integrating seamlessly with existing Transportation Management Systems (TMS), Cargo Chief empowers its clients to streamline operations and cultivate stronger relationships with carriers. The company serves a diverse clientele, including freight brokerages and third-party logistics providers, primarily across North America and regions that engage in international trade.Cargo Chief generates revenue through a subscription-based model for its C4 platform, which offers a suite of services designed for freight brokers and logistics providers. Clients pay for access to features such as real-time pricing, digital freight matching, and the ability to leverage the extensive carrier network that Cargo Chief maintains. Transactions typically occur as businesses engage with the platform to book freight, allowing them to automate carrier outreach and expedite the booking process without disrupting their workflow. The pricing structure is based on the level of service and features accessed, providing flexibility for businesses of various sizes. This transactional model supports a recurring revenue stream, contributing to the overall financial stability of the company.In January 2019, Cargo Chief, Inc. successfully raised USD 2.5 mn in Series A funding to accelerate its growth. The company plans to utilize the recent funding to further develop its C4 platform and expand its product offerings. Cargo Chief is also targeting international markets for expansion, with plans to enter new regions within North America and explore opportunities in Europe by 2023. These strategies aim to enhance the company’s footprint in the logistics technology sector and diversify its service offerings.

## Funding rounds

- Series A, Jan 25, 2019, $2.5M — BootstrapLabs
- Series A, Aug 14, 2015, $10M — Covera Ventures, Walden VC, Grey Rock Investment Partners, GrowthX Capital

## Investors

- Covera Ventures (https://capitalatlas.ai/funds/covera-ventures) — Series A
- Walden VC (https://capitalatlas.ai/funds/walden-vc) — Series A
- Grey Rock Investment Partners (https://capitalatlas.ai/funds/grey-rock-investment-partners) — Series A
- GrowthX Capital (https://capitalatlas.ai/funds/growthx-capital) — Series A
- BootstrapLabs (https://capitalatlas.ai/funds/bootstraplabs) — Series A