# Cargomatic

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

- Industry: Logistics & Distribution
- Headquarters: Long Beach, US
- Website: www.cargomatic.com/
- Total disclosed funding: $148M
- Latest round: Series C (Jun 8, 2022)
- Investors on record: 17

## About

Cargomatic, Inc. is a US-based logistics company that provides innovative solutions for efficiently moving goods across various transportation modes, enhancing supply chain operations for diverse industries.Cargomatic, Inc. specializes in logistics solutions that streamline goods transportation. Founded in 2013 in Long Beach, US, by Jonathan Kessler, the company has executed a total of 12 deals, with its most recent funding round, Series B, completed in June 2022, raising USD 90.00 mn from Corner Ventures. The company operates with a focus on enhancing its transportation services, which are vital for sectors like automotive and electronics.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. Their services are operational across the top 20 ports in the continental United States, ensuring coverage for major markets such as Los Angeles, Chicago, San Francisco, and New York.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. The transactional structure emphasizes partnerships with businesses looking to enhance their supply chain capabilities while ensuring timely and efficient delivery of their products.In June 2022, Cargomatic, Inc. raised USD 90.00 mn in Series B funding, which will be utilized to expand its product offerings and enhance its market reach. 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.

## Funding rounds

- Series C, Jun 8, 2022 — FJ Labs
- Series B, Jun 21, 2021, $90M — Corner Ventures
- Series B, Aug 15, 2018, $35M — Warburg Pincus, Canaan Partners, Genesee & Wyoming, Xplorer Capital, Muse Family Enterprises
- Series A, Mar 30, 2016, $6M — Morado Ventures
- Series A, Mar 10, 2016 — FJ Labs
- Series A, Oct 27, 2015, $2.9M — Morado Ventures, TYLT Ventures
- Series A, Jan 16, 2015, $11M — Canaan Partners, Volvo Group Venture Capital, SV Angel, Morado Ventures, ACME Capital, Structure Capital, TYLT Ventures, Winklevoss Capital, Oxygen Capital Partners, Estes Express Lines
- Seed, Jun 24, 2014, $2.6M — Canaan Partners, SV Angel, Morado Ventures, Acequia Capital, ACME Capital, Structure Capital, Winklevoss Capital
- Seed, Sep 11, 2013, $0.9M — Morado Ventures
- Seed, Apr 1, 2013 — Acequia Capital

## Investors

- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Seed
- Morado Ventures (https://capitalatlas.ai/funds/morado-ventures) — Seed, Series A
- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Seed, Series A, Series B
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed, Series A
- ACME Capital (https://capitalatlas.ai/funds/acme-capital) — Seed, Series A
- Structure Capital (https://capitalatlas.ai/funds/structure-capital) — Seed, Series A
- Winklevoss Capital (https://capitalatlas.ai/funds/winklevoss-capital) — Seed, Series A
- Volvo Group Venture Capital (https://capitalatlas.ai/funds/volvo-group-venture-capital) — Series A
- TYLT Ventures (https://capitalatlas.ai/funds/tylt-ventures) — Series A
- Oxygen Capital Partners — Series A
- Estes Express Lines — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A, Series C
- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series B
- Genesee & Wyoming — Series B
- Xplorer Capital (https://capitalatlas.ai/funds/xplorer-capital) — Series B
- Muse Family Enterprises — Series B
- Corner Ventures (https://capitalatlas.ai/funds/corner-ventures) — Series B