What is Cargox?
Founded in 2013, CargoX operates within the burgeoning logtech industry, providing essential technology solutions and working capital tailored for carriers and small fleet owners. The company's strategic focus on digitizing and optimizing logistics operations in Brazil addresses critical inefficiencies within the supply chain. By offering a comprehensive suite of services, CargoX aims to empower smaller players in the logistics market, enabling them to compete more effectively and scale their operations.
How much funding has Cargox raised?
Cargox has raised a total of $174M across 5 funding rounds:
Series A
$4M
Series B
$10M
Series C
$20M
Series D
$60M
Series E
$80M
Series A (2015): $4M with participation from Valor Capital Group
Series B (2016): $10M led by Valor Capital Group, Agility Logistics Services, Goldman Sachs, and Lumia Capital
Series C (2017): $20M supported by www.agility.com/, Qualcomm Ventures, Agility Logistics Services, and Goldman Sachs
Series D (2018): $60M featuring Blackstone and Qualcomm Ventures
Series E (2020): $80M backed by Goldman Sachs, Farallon Capital, Valor Capital, and LGT Lightstone
Key Investors in Cargox
Valor Capital Group
Valor Capital Group is a venture fund specializing in connecting US, Latin American, and global technology markets, with a focus on fintech and enterprise software. They invest in companies transforming industries and driving innovation.
Qualcomm Ventures
Qualcomm Ventures is the venture capital arm of Qualcomm Incorporated, a global leader in wireless technology. They invest in companies driving the development of advanced digital communication systems and connected ecosystems.
Goldman Sachs
Goldman Sachs is a leading global investment banking firm providing a wide range of financial services. They are known for their influential role in global capital markets, engaging in risk management, financing, and strategic advisory services.
What's next for Cargox?
With a substantial funding history and a recent strategic investment, CargoX is well-positioned for its next phase of expansion. The company's focus on technology-driven solutions for the logistics sector suggests a continued emphasis on product development and market penetration. Future growth is likely to involve scaling its operations, enhancing its technological offerings, and potentially exploring new geographic markets or service verticals. The consistent backing from prominent investors indicates a strong belief in CargoX's business model and its potential to disrupt the traditional logistics landscape.
See full Cargox company page
