About Cargofive
Cargofive is a company based in Lisbon (Portugal) founded in 2018 by Julio Avila, Andrea Van der Biest, Juan Francisco Garabato, and Sebastian Cazajus.. Cargofive has raised $4.75 million across 3 funding rounds from investors including EIT Urban Mobility, Techstars and Indico Capital Partners. Cargofive operates in a competitive market with competitors including Xeneta, WebCargo, CargoSphere, Portrix Logistic Software and Freightcrate, among others.
- Headquarter Lisbon, Portugal
- Founders Julio Avila, Andrea Van der Biest, Juan Francisco Garabato, Sebastian Cazajus
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Sectors
Transportation, Automotive & Logistics
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Email
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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
$4.75 M (USD)
in 3 rounds
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Latest Funding Round
$2.71 M (USD), Seed
Mar 26, 2024
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Investors
EIT Urban Mobility
& 4 more
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Employee Count
Employee Count
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Funding Insights of Cargofive
Cargofive has successfully raised a total of $4.75M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.71 million completed in March 2024. 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 3
- Last Round Seed — $2.7M
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First Round
First Round
(25 Jan 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Seed - Cargofive | Valuation | Indico Capital Partners , EIT Urban Mobility |
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| Jun, 2023 | Amount | Seed - Cargofive | Valuation | Lince Capital , Shilling |
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| Jan, 2021 | Amount | Seed - Cargofive | Valuation | Techstars |
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| 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 Cargofive
Cargofive has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include EIT Urban Mobility, Techstars and Indico Capital Partners. 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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Venture capital firm investing in seed & series A stage tech companies
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Founded Year | Domain | Location | |
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Urban mobility solutions are provided for cities worldwide.
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Founded Year | Domain | Location | |
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Lince Capital is engaged in venture capital fund management.
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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 Cargofive
| 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 - Cargofive
| 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 |
Cargofive Comparisons
Competitors of Cargofive
Cargofive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Xeneta, WebCargo, CargoSphere, Portrix Logistic Software and Freightcrate, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of a freight rate market management platform
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| domain | founded_year | HQ Location |
Provides freight sales management solutions for forwarders, airlines, and ocean liners.
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| domain | founded_year | HQ Location |
Rate and carrier management software is provided for freight forwarding.
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| domain | founded_year | HQ Location |
Software solutions for freight transportation are developed and provided.
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| domain | founded_year | HQ Location |
Provider of freight rate management solutions
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| 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 Cargofive
Frequently Asked Questions about Cargofive
When was Cargofive founded?
Cargofive was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Cargofive located?
Cargofive is headquartered in Lisbon, Portugal.
Who is the current CEO of Cargofive?
Sebastian Cazajus is the current CEO of Cargofive. They have also founded this company.
Is Cargofive a funded company?
Cargofive is a funded company, having raised a total of $4.75M across 3 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Jan 25, 2021.
What does Cargofive do?
Founded in 2018 in Lisbon, Portugal, Cargofive operates in the logistics software sector. Cloud-based solutions are offered to freight forwarders for end-to-end management, including pricing and freight rate handling, schedule oversight, quote generation, load matching, and sales analytics. Access is enabled through a monthly subscription model, supporting operational efficiency in the freight forwarding industry.
Who are the top competitors of Cargofive?
Cargofive's top competitors include Xeneta, Portrix Logistic Software and CargoSphere.
Who are Cargofive's investors?
Cargofive has 5 investors. Key investors include EIT Urban Mobility, Techstars, Indico Capital Partners, Lince Capital, and Shilling VC.
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