How Much Did Cargomatic Raise? Funding & Key Investors

Cargomatic has successfully raised funding through multiple rounds, with its most recent round being a Venture - Series Unknown on June 8, 2022. The company is backed by 33 investors, including notable names like FJ Labs and Kombo Ventures.

Keep reading to explore the intricacies of Cargomatic's fundraising journey and the investors backing this innovative platform.

What Is Cargomatic?

Cargomatic, founded in 2013, is a logistics company based in Long Beach, California. The company was established by Brett Parker, Jonathan Kessler, and Martin Hendleman. It operates within the logistics, public transportation, shipping, and transportation industries.

With an employee count ranging from 51 to 100, Cargomatic connects local shippers and truckers in real-time, facilitating efficient and timely deliveries. The platform offers a variety of services, including drayage, intermodal, LTL, FTL, and white glove services, supported by a marketplace of over 35,000 professional drivers.

How Much Funding Has Cargomatic Raised?

1. Seed Round
   • Amount Raised: $2.6M
   • Date: June 2014
   • Lead Investors: ACME Capital, Canaan Partners, Morado Ventures, SV Angel
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial platform and connect local shippers and truckers.
2. Series A
   • Amount Raised: $8M
   • Date: January 2015
   • Lead Investors: Canaan Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and enhance technology infrastructure.
3. Series A
   • Amount Raised: $2.9M
   • Date: October 2015
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and improve service offerings.
4. Series A
   • Amount Raised: $6M
   • Date: March 2016
   • Lead Investors: Morado Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further enhance the platform and expand the customer base.
5. Series B
   • Amount Raised: $35M
   • Date: August 2018
   • Lead Investors: Warburg Pincus
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and expand into new markets.

Total Amount Raised: $54.5M. Current Valuation: Not publicly disclosed.

Key Investors

• FJ Labs
  • Details: FJ Labs is a venture capital firm that invests in early-stage companies. They have a strong focus on marketplace and consumer internet sectors.
  • Investment Focus Areas: Marketplace, consumer internet, early-stage companies.
  • Notable Investments: Alibaba, Betterment, Delivery Hero.
• Kombo Ventures
  • Details: Kombo Ventures is a venture capital firm that focuses on technology startups. They have a particular interest in logistics and transportation sectors.
  • Investment Focus Areas: Technology startups, logistics, transportation.
  • Notable Investments: Specific notable investments are not listed.
• Warburg Pincus
  • Details: Warburg Pincus is a global private equity firm with a focus on growth investing. They have a diverse portfolio across various sectors.
  • Investment Focus Areas: Technology, healthcare, financial services, energy, consumer, industrial, and business services.
  • Notable Investments: CrowdStrike, Ant Financial, Grubhub.
• ACME Capital
  • Details: ACME Capital is a venture capital firm that invests in early-stage companies. They focus on disruptive technologies and innovative business models.
  • Investment Focus Areas: Technology, consumer, healthcare, media.
  • Notable Investments: Airbnb, Pinterest, Uber.
• Canaan Partners
  • Details: Canaan Partners is a venture capital firm that invests in early-stage companies. They have a strong focus on technology and healthcare sectors.
  • Investment Focus Areas: Technology, healthcare, fintech, enterprise software.
  • Notable Investments: LendingClub, Match.com, Ebates.

What's Next for Cargomatic?

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