About Cargomatic
Cargomatic is a company based in Long Beach (United States) founded in 2013 by Brett Parker and Jonathan Kessler. Cargomatic has raised $49.66 million across 7 funding rounds from investors including Volvo Group, Genesee and Wyoming and Warburg Pincus. Cargomatic operates in a competitive market with competitors including Echo Global Logistics, Transfix, uShip, Uber Freight and Truckstop.com, among others.
- Headquarter Long Beach, United States
- Founders Brett Parker, Jonathan Kessler
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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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- Legal Name Cargomatic, Inc.
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Annual Revenue
Not available
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Net Profit
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EBITDA
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Total Equity Funding
$49.66 M (USD)
in 7 rounds
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Latest Funding Round
$35 M (USD), Series B
Aug 15, 2018
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Investors
Volvo Group
& 12 more
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Employee Count
Not available
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People of Cargomatic
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Funding Insights of Cargomatic
Cargomatic has successfully raised a total of $49.66M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $35 million completed in August 2018. 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.
Investors in Cargomatic
Cargomatic has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Volvo Group, Genesee and Wyoming and Warburg Pincus.
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Multi-stage private equity investments are pursued across diverse sectors.
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VC fund investing in technology startups
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Canaan is recognized as an early-stage venture capital firm.
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Investor details for Cargomatic
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Investments & Acquisitions by Cargomatic
Investment portfolio details for Cargomatic
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Financial Statements - Cargomatic
Detailed financials for Cargomatic
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Cargomatic Comparisons
Peer comparison for Cargomatic
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Competitors of Cargomatic
Cargomatic 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 Echo Global Logistics, Transfix, uShip, Uber Freight and Truckstop.com, among others.
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Technology-enabled supply chain and transportation services are provided to enterprises.
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Offers a marketplace providing on-demand load matching and freight booking services
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Global online marketplace for freight and vehicle shipping is facilitated.
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Trucking carriers are matched with shippers via an online marketplace.
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Online load board integrated with freight management functionalities
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Truckers are connected to on-demand freight via a digital platform.
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Detailed competitors of Cargomatic
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Latest news on Cargomatic
Complete news archive for Cargomatic
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Frequently Asked Questions about Cargomatic
Cargomatic was founded in 2013.
Cargomatic is headquartered in Long Beach, United States. It is registered at Long Beach, California, United States.
Richard Gerstein is the current CEO of Cargomatic.
Cargomatic is a funded company, having raised a total of $49.66M across 7 funding rounds to date.
Founded in 2013 and headquartered in Long Beach, United States, Cargomatic operates in the logistics sector as a mobile-based platform. Carriers and local shippers are connected through the app, which utilizes spare capacity in trucks for drayage services. Loads are submitted by shippers to match with nearby available trucks. Real-time tracking of shipments is enabled within the application, available on both Android and iOS platforms.
Cargomatic's top competitors include uShip, Transfix and Uber Freight.
Cargomatic has 13 investors. Key investors include Volvo Group, Genesee and Wyoming, Warburg Pincus, FJ Labs, and Canaan.