What is Cargomatic?
Cargomatic operates as a sophisticated technology-enabled transportation brokerage, specifically engineered to optimize local intracity shipments and port-to-rail drayage. By deploying a mobile-first platform, the company effectively bridges the gap between shippers and carriers, facilitating instant booking and granular real-time tracking. This digital-native approach addresses the inefficiencies inherent in traditional freight brokerage, providing a streamlined, transparent, and highly responsive solution for short-haul logistics. Its market position is defined by its ability to leverage under-utilized capacity, thereby enhancing operational throughput for enterprise-level clients.
How much funding has Cargomatic raised?
Cargomatic has raised a total of $49.7M across 5 funding rounds:
Angel/Seed
$914K
Angel/Seed
$2.6M
Debt
$500K
Series A
$10.6M
Series B
$35M
Angel/Seed (2013): $914K, investors not publicly disclosed
Angel/Seed (2014): $2.6M led by Morado Ventures, Winklevoss Capital, SV Angel, Acequia Capital, Sherpa Ventures, and Structure Capital
Debt (2014): $500K, investors not publicly disclosed
Series A (2015): $10.6M featuring Canaan Partners, Structure Capital, SV Angel, Morado Venture Partners, Winklevoss Capital, and Sherpa Capital
Series B (2018): $35M backed by Muse Family Enterprises, Canaan Partners, Xplorer Capital, Genesee & Wyoming, and Warburg Pincus
Key Investors in Cargomatic
Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm renowned for its expertise in growth investing, supporting management teams in building long-term, sustainable success across diverse market cycles.
Canaan Partners
Canaan is an early-stage venture capital firm that invests in technology and healthcare companies, backing founders from seed through growth stages in areas such as enterprise software and digital health.
SV Angel
SV Angel is a long-term investment firm dedicated to supporting founders in creating impactful businesses by providing essential resources, strategic insights, and a vast network to help companies scale.
What's next for Cargomatic?
With the recent strategic investment, Cargomatic is well-positioned to accelerate its market penetration and deepen its technological moat. The focus will likely shift toward expanding its footprint in key logistics hubs and enhancing the predictive capabilities of its routing algorithms. As the company matures, the integration of advanced data analytics will be paramount in maintaining its competitive edge against legacy incumbents. The strategic backing from global private equity and industry-specific partners suggests a long-term roadmap aimed at achieving sustainable, large-scale dominance in the fragmented freight brokerage market.
See full Cargomatic company page
