About Cargofy
Cargofy is a company based in Cedar Rapids (United States) founded in 2017.. Cargofy has raised $2 million across 2 funding rounds from investors including JKR Investment Group, Flyer One Ventures and Murat Abdrakhmanov. Cargofy operates in a competitive market with competitors including Lardi-Trans, JitPlus, Sovtes, AntiTaxi and Freights, among others.
- Headquarter Cedar Rapids, United States
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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
*********
- Legal Name Cargofy Oü
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Seed
Feb 02, 2022
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Investors
JKR Investment Group
& 4 more
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Employee Count
Employee Count
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Funding Insights of Cargofy
Cargofy has successfully raised a total of $2M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in February 2022. 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 2
- Last Round Seed — $2.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - Cargofy | Valuation | JKR Investment Group | |
| Jun, 2017 | Amount | Seed - Cargofy | Valuation | NewBoCo |
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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 Cargofy
Cargofy has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include JKR Investment Group, Flyer One Ventures and Murat Abdrakhmanov. 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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Seed to series A investments are provided to tech-based companies.
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Founded Year | Domain | Location | |
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NewBoCo is focused on entrepreneurship and education in Iowa.
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Founded Year | Domain | Location | |
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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 Cargofy
| 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 - Cargofy
| 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 |
Cargofy Comparisons
Competitors of Cargofy
Cargofy 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 Lardi-Trans, JitPlus, Sovtes, AntiTaxi and Freights, 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 |
Web-based platform for cargo transportation services.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for efficient freight transportation services.
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| domain | founded_year | HQ Location |
Provides SaaS-based solutions for freight transportation management.
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| domain | founded_year | HQ Location |
A mobile app for convenient transport booking and sharing services.
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| domain | founded_year | HQ Location |
Facilitates an online platform for freight exchange between carriers and forwarders.
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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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Frequently Asked Questions about Cargofy
When was Cargofy founded?
Cargofy was founded in 2017.
Where is Cargofy located?
Cargofy is headquartered in Cedar Rapids, United States. It is registered at Cedar Rapids, Iowa, United States.
Is Cargofy a funded company?
Cargofy is a funded company, having raised a total of $2M across 2 funding rounds to date.
What does Cargofy do?
Cargofy was founded in 2017 and is headquartered in Cedar Rapids, United States. An online marketplace is operated in the logistics sector to connect shippers and carriers. Loads are matched automatically based on location and equipment requirements. Geolocation-based services are utilized for precise pairings, while all necessary documents are generated digitally to support transactions.
Who are the top competitors of Cargofy?
Cargofy's top competitors include Lardi-Trans, JitPlus and Sovtes.
Who are Cargofy's investors?
Cargofy has 5 investors. Key investors include JKR Investment Group, Flyer One Ventures, Murat Abdrakhmanov, Hannu Turunen, and NewBoCo.
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