What is CargoSense?
CargoSense offers a comprehensive suite of solutions designed to bolster control and resilience within supply chain operations. Their core offerings include a control tower for real-time shipment visibility, robust integration capabilities for seamless data exchange, and a proprietary QR Sensor technology for efficient data capture. The company specializes in delivering customized solutions to address unique logistical challenges and provides managed services for in-depth data analysis. CargoSense primarily serves businesses aiming to streamline their supply chain processes and enhance operational coordination, positioning itself as a key player in the logistics technology sector.
How much funding has CargoSense raised?
CargoSense has raised a total of $35.6M across 9 funding rounds:
Multiple Rounds
$9.1M
Private Equity
$5.3M
Private Equity
$7.3M
Debt
$150K
Debt
$221K
Series A
$8M
Private Equity
$5.6M
Other Financing Round (2015): $1M with participation from Middleburg Capital Development and Irish Angels
Angel/Seed (2015): $3.7M led by Middleburg Capital Development and Irish Angels
Private Equity (2015): $4.4M, investors not publicly disclosed
Private Equity (2016): $5.3M featuring Argonautic Ventures, Kiddar Capital, and Irish Angels
Private Equity (2017): $7.3M, investors not publicly disclosed
Debt (2020): $150K with participation from PPP
Debt (2021): $221K led by PPP
Series A (2024): $8M supported by SmoothBrain, Lanza techVentures, Merck Global Health Innovation Fund, and Pallet Alliance
Private Equity (2026): $5.6M, investors not publicly disclosed
Key Investors in CargoSense
SmoothBrain
SmoothBrain is a Chicago-based Venture Capital and Private Equity firm that specializes in providing funding and strategic consulting to startups in the emerging tech sector. Founded in 2022 by Nick Mirchef and Chris Pflanz, the firm has successfully funded 10 companies to date. The team brings extensive experience from various industries, including tech, commercial services, and restaurants. SmoothBrain aims to empower founders by offering both financial support and expert guidance.
Lanza techVentures
Lanza techVentures is an early-stage venture capital firm that invests in innovative sectors including health, healthcare, pharmaceuticals, and the intersection of AI and medical technology. The company focuses on fostering partnerships that bring new ideas to market, particularly in the semiconductor ecosystem. Their portfolio includes companies like Bloomlife, which aims to provide healthy starts for families. Lanza techVentures is dedicated to mentoring entrepreneurs and supporting the development of open-source silicon platforms and design tools.
Merck Global Health Innovation Fund
Merck Global Health Innovation Fund (MGHIF) is a growth investor that partners with innovative digital health and data science companies. The fund focuses on facilitating and optimizing biopharmaceutical operations. Its primary goal is to improve patient care through these partnerships. MGHIF targets companies that are at the forefront of health innovation.
What's next for CargoSense?
The substantial enterprise-level funding and recent strategic investment signal a pivotal growth phase for CargoSense. This capital infusion is expected to accelerate product development, expand market reach, and enhance service offerings. The company is likely to focus on scaling its operations, further integrating its control tower and sensor technologies, and forging new strategic partnerships. With a focus on exception management and real-time visibility, CargoSense is well-positioned to capitalize on the increasing complexity and demands of global supply chains, aiming to solidify its leadership in the logistics software market.
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