About Cargo X
Cargo X is a company based in Sao Paulo (Brazil) founded in 2013 by Dmytro Kormakov.. Cargo X has raised $372.82 million across 6 funding rounds from investors including Tencent, SoftBank Group and Blackstone. Cargo X offers products and services including Logistics Platform and Partnership Program.
- Headquarter Sao Paulo, Brazil
- Founders Dmytro Kormakov
- Stage Unicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$372.82 M (USD)
in 6 rounds
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Latest Funding Round
$200 M (USD), Series F
Oct 15, 2021
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Investors
Tencent
& 15 more
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Employee Count
Employee Count
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Products & Services of Cargo X
Cargo X offers a comprehensive portfolio of products and services, including Logistics Platform and Partnership Program. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital tool for managing cargo operations and tracking risks efficiently.
Program offering personalized services and secure payment solutions for partners.
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Funding Insights of Cargo X
Cargo X has successfully raised a total of $372.82M across 6 strategic funding rounds. The most recent funding activity was a Series F round of $200 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series F — $200.0M
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First Round
First Round
(20 Jul 2016)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series F - Cargo X | Valuation | SoftBank Group , Tencent | |
| Jun, 2020 | Amount | Series E - Cargo X | Valuation | Pattac |
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| Apr, 2020 | Amount | Series E - Cargo X | Valuation | LGT Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cargo X
Cargo X has secured backing from 16 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Tencent, SoftBank Group and Blackstone. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Growth equity and venture capital are applied to tech sectors.
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Founded Year | Domain | Location | |
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Investments are directed toward growth-stage companies generating scalable impact.
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Founded Year | Domain | Location | |
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Multiple investment strategies are pursued by this hedge fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cargo X
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cargo X
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cargo X Comparisons
Competitors of Cargo X
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cargo X
Frequently Asked Questions about Cargo X
When was Cargo X founded?
Cargo X was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Cargo X located?
Cargo X is headquartered in Sao Paulo, Brazil.
Is Cargo X a funded company?
Cargo X is a funded company, having raised a total of $372.82M across 6 funding rounds to date. The company's 1st funding round was a Series E of $80M, raised on Jul 20, 2016.
What does Cargo X do?
CargoX is an online marketplace that connects shippers with carrierstruckersbrokers for freight transportation services across Brazil. Shippers can generate quotes by providing shipments details (such as pick-updelivery locationstimings, type of load to be moved, etc), book and track services in real-time. Offers a driver app management portals for business to manage operations. Claims to use machine learning algorithms to optimize operations and provide data-driven analytics. Notable clients include Heineken, Unilever, Nestle, and Whirlpool.
What products or services does Cargo X offer?
Cargo X offers Logistics Platform and Partnership Program.
Who are Cargo X's investors?
Cargo X has 16 investors. Key investors include Tencent, SoftBank Group, Blackstone, Farallon Capital Management, and LGT Group.
What is Cargo X's valuation?
The valuation of Cargo X is $1B as of Oct 2021.