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 mission is to streamline logistics operations through innovative digital platforms, addressing critical pain points in the supply chain. CargoX's offerings are designed to enhance efficiency, reduce operational costs, and improve the overall financial health of its clients, positioning it as a key player in the digitalization of the logistics landscape in Brazil and beyond.
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 Goldman Sachs, Lumia Capital, Valor Capital Group, and Agility Logistics Services
Series C (2017): $20M supported by Goldman Sachs, www.agility.com/, Qualcomm Ventures, and Agility Logistics Services
Series D (2018): $60M featuring Qualcomm Ventures and Blackstone
Series E (2020): $80M backed by Goldman Sachs, Farallon Capital, LGT Lightstone, and Valor Capital
Key Investors in Cargox
Goldman Sachs
Goldman Sachs is a leading global investment banking firm, known for its extensive involvement in capital markets and strategic advisory services for corporations worldwide.
Lumia Capital
Lumia Capital is an internationalization platform that invests in product-driven businesses with global applicability, particularly in Latin America, focusing on expansion stage companies.
Valor Capital Group
Valor Capital Group is a cross-border venture fund specializing in fintech and enterprise software companies, connecting US, Latin American, and global technology markets.
What's next for Cargox?
With its substantial enterprise-level backing and recent strategic investment, CargoX is poised for accelerated expansion and further technological development. The company's trajectory suggests a focus on scaling its operations, enhancing its platform's capabilities, and potentially exploring new market segments or geographical regions. This sustained capital infusion will likely enable CargoX to solidify its market leadership, invest in research and development for next-generation logistics solutions, and strengthen its competitive advantage in the rapidly evolving global supply chain.
See full Cargox company page
