# Kargo Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kargo-technologies

- Industry: Software
- Headquarters: Jakarta, Indonesia
- Website: www.kargo.tech/
- Total disclosed funding: $30M
- Latest round: Series A (Jul 10, 2020)
- Investors on record: 15

## About

Kargo Technologies, based in Indonesia, is a technology-driven logistics company offering an innovative online platform for truck rental services, connecting shippers with transporters for efficient freight management.Founded in 2018 in Jakarta, Indonesia, PT Kargo Online System specializes in logistics solutions that enhance supply chain efficiency. The company has completed five significant deals, with its most recent funding round being a Series A in July 2024, raising USD 27.33 mn from lead investor Tenaya Capital and others including AC Ventures and Sequoia Capital. The CEO and co-founder is Tiger Fang, who has a history in the tech and logistics sectors.Kargo provides a technology-platform for truck rental services in Indonesia, connecting shippers with a network of transporters. The platform allows for real-time tracking and optimizes communication for freight management. Kargo caters to industries such as food and beverage, e-commerce, and consumer goods, with plans for expansion across Southeast Asia.Kargo operates on a B2B revenue model, where businesses utilize its platform for logistics services. Clients, including manufacturers and distributors, benefit from competitive pricing while securing tailored trucking services. The platform streamlines the process for obtaining quotes, booking shipments, and making payments, enhancing overall operational efficiency for clients.In July 2024, PT Kargo Online System secured funding to further enhance its services and expand its offerings. The company aims to introduce new products focused on improving logistics efficiency and plans to enter additional Southeast Asian markets. The recent Series A funding will support these initiatives, enabling Kargo to scale its operations and develop its platform further.

## Funding rounds

- Series A, Jul 10, 2020, $27M — Hong Shan, Tenaya Capital, ZhenFund, Mirae Asset Management, Intudo Ventures, ATM Capital, 10100, Agaeti Venture Capital, January Capital, Amatil X, AC Ventures, Alter Global, GREAT MERITUS HOLDINGS LTD
- Seed, Nov 22, 2018, $3M — Hong Shan, Northstar Group, InnoVen Capital

## Investors

- Hong Shan — Seed, Series A
- Northstar Group (https://capitalatlas.ai/funds/northstar-group) — Seed
- InnoVen Capital — Seed
- Tenaya Capital (https://capitalatlas.ai/funds/tenaya-capital) — Series A
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series A
- Mirae Asset Management — Series A
- Intudo Ventures (https://capitalatlas.ai/funds/intudo-ventures) — Series A
- ATM Capital (https://capitalatlas.ai/funds/atm-capital) — Series A
- 10100 (https://capitalatlas.ai/funds/10100) — Series A
- Agaeti Venture Capital (https://capitalatlas.ai/funds/agaeti-venture-capital) — Series A
- January Capital (https://capitalatlas.ai/funds/january-capital) — Series A
- Amatil X (https://capitalatlas.ai/funds/amatil-x) — Series A
- AC Ventures — Series A
- Alter Global (https://capitalatlas.ai/funds/alter-global) — Series A
- GREAT MERITUS HOLDINGS LTD — Series A