What is Cargofive?
Founded in 2018 and based in Lisbon, Portugal, Cargofive specializes in providing a sophisticated logistics platform designed to empower freight forwarders. The company's core offering focuses on enabling these businesses to optimize and digitize their pricing strategies, a critical component in the complex world of global shipping. By leveraging technology, Cargofive aims to enhance efficiency and transparency within the freight forwarding sector, positioning itself as a key player in the digital transformation of the logistics industry.
How much funding has Cargofive raised?
Cargofive has raised a total of $4.6M across 2 funding rounds:
Other Financing Round
$1.9M
Other Financing Round
$2.7M
Other Financing Round (2023): $1.9M with participation from Lince Capital and Shilling Capital Partners
Other Financing Round (2024): $2.7M led by EIT Urban Mobility and Indico Capital Partners
Key Investors in Cargofive
EIT Urban Mobility
EIT Urban Mobility is dedicated to decarbonising the mobility sector and promoting sustainable urban mobility, connecting stakeholders to accelerate innovation and commercialization in the mobility market. They support startups and foster entrepreneurship to address urban mobility challenges.
Indico Capital Partners
Indico Capital Partners specializes in investing in promising tech and sustainable companies, primarily from Portugal, Spain, and Italy, with a focus on SaaS and AI. They provide capital and community support to ambitious founders.
Lince Capital
Lince Capital Fomento Mercantil is a company specializing in financial solutions such as factoring, located in So Caetano do Sul.
What's next for Cargofive?
With the infusion of major strategic investment, Cargofive is poised for accelerated growth and further development of its innovative logistics platform. This substantial backing, highlighted by the $4.6M in total capital raised, suggests a strong market validation and confidence in the company's trajectory. The company is likely to focus on expanding its market reach, enhancing its technological capabilities, and potentially exploring new service offerings to further solidify its position as a leader in freight forwarder software solutions. The strategic nature of the recent financing indicates a focus on long-term value creation and market penetration.
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