# Cargobase

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cargobase

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.cargobase.com
- Total disclosed funding: $2M
- Latest round: Seed (Mar 12, 2021)
- Investors on record: 6

## About

Cargobase is a Singapore-based company that offers a comprehensive Transportation Management System (TMS) for enterprise shippers, enabling efficient management of global freight operations with advanced functionalities and analytics.Founded in Singapore, Cargobase specializes in transportation management solutions. The company has pivoted towards enhancing its TMS platform. CEO Wiebe Helder leads the firm, which has raised USD 0.85 mn in a Seed funding round in September 2022, bringing the total amount raised to USD 0.85 mn and valuing the company at USD 13.451 mn. The company has completed 3 deals with a recent deal on September 20, 2022.Cargobase specializes in providing a comprehensive Transportation Management System (TMS) designed for enterprise shippers, enabling them to effectively manage their global freight operations. The core offering of the platform includes functionalities such as spot-buy freight management, shipment execution, visibility tracking, and analytics that cater to both inbound and outbound logistics. Cargobase addresses logistics challenges, including the need for real-time shipment visibility and reduced freight costs. Their clientele spans various industries, including automotive and aviation, with active solutions in North America, Europe, and Asia.In the most recent financial year, Cargobase generated revenue of USD 2,827,749 with an EBITDA of USD -788,393. Revenue is derived from a structured subscription model based on usage of their TMS platform, enabling clients to streamline logistics processes through tailored solutions.In September 2022, Cargobase raised USD 0.85 mn to refine its transportation management software user experience and expand internationally across the US and Europe. The funding will also support product development initiatives, with specific plans for launching new features aimed at enhancing the TMS platform's functionalities.

## Funding rounds

- Seed, Mar 12, 2021, $0.8M — Tharros
- Seed, Sep 1, 2015, $1.2M — 500 Global, YSS Capital, Bukit Timah Capital, Evander Management Limited, Keresa Plantations Sdn Bhd.

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- YSS Capital — Seed
- Bukit Timah Capital — Seed
- Evander Management Limited — Seed
- Keresa Plantations Sdn Bhd. — Seed
- Tharros (https://capitalatlas.ai/funds/tharros) — Seed