Cargomatic
Latest round
- Series C
Last raised
- Jun 2022
Total raised
- $148M
Investors
- 17
About Cargomatic
Cargomatic, Inc.Cargomatic, Inc. specializes in logistics solutions that streamline goods transportation.00 mn from Corner Ventures.Cargomatic primarily offers a suite of logistics solutions designed to streamline the movement of goods across various transportation modalities, including drayage, intermodal shipping, less-than-truckload (LTL), full-truckload (FTL), and white glove services. Their intermodal shipping solutions serve as a comprehensive platform that connects air, ground, rail, and sea shipments, catering to shippers' needs regardless of import or export locations. The company’s flexible LTL offerings utilize smart routing and bundling technology to improve delivery efficiency and reduce costs. Cargomatic's clientele spans multiple sectors, including automotive, electronics, furniture, and direct-to-consumer brands, primarily serving businesses that require timely and environmentally conscious transportation solutions.Cargomatic’s revenue model is grounded in transactional relationships with various stakeholders, including business-to-business (B2B) partnerships and direct-to-consumer engagements. The company generates income by connecting shippers with a marketplace of over 35,000 professional drivers, facilitating the movement of goods through their platform. Revenue is derived from service fees associated with the logistics services provided, which can include drayage, intermodal shipping, and white glove delivery. For instance, a furniture retailer might utilize Cargomatic's white glove service for same-day delivery of large items, incurring costs based on the specific service agreements and the distance of the delivery.In June 2022, Cargomatic, Inc. The company plans to develop new logistics solutions aimed at increasing efficiency and reducing costs for its clients. Additionally, Cargomatic intends to enter new markets across the US, focusing on regions that exhibit high demand for logistics services. The company is actively exploring efforts to strengthen partnerships and leverage its technology to improve overall service delivery.
Who invested in Cargomatic
17 investors across 10 rounds
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Funding rounds
Series C
Jun 8, 2022
Amount
Undisclosed
Investors
Series B
Jun 21, 2021
Amount
$90M
Investors
Series B
Aug 15, 2018
Amount
$35M
Investors
Series A
Mar 30, 2016
Amount
$6M
Investors
Series A
Mar 10, 2016
Amount
Undisclosed
Investors
Series A
Oct 27, 2015
Amount
$2.9M
Investors
Series A
Jan 16, 2015
Amount
$11M
Investors
Seed
Jun 24, 2014
Amount
$2.6M
Investors
Seed
Sep 11, 2013
Amount
$0.9M
Investors
Seed
Apr 1, 2013
Amount
Undisclosed
Investors
Questions about Cargomatic
Who invested in Cargomatic?
Cargomatic has 17 investors on record across 10 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Cargomatic raised?
Cargomatic has raised 10 venture rounds. Sign up free to see how much each round raised and the total.
When did Cargomatic last raise money?
Cargomatic's most recent round on record is a Series C, in Jun 2022.
What does Cargomatic do?
Cargomatic is a logistics & distribution company.
Where is Cargomatic headquartered?
Cargomatic is headquartered in Long Beach, US.
Which VCs invest in companies like Cargomatic?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back logistics & distribution companies at Cargomatic's stage. Their profiles are linked below.
VCs backing logistics & distribution startups at Series C
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