Cargado Secures $6.8M Seed for Cross-Border Freight Tech

Cargado, the recently launched cross-border logistics startup, just snagged $6.8 million in seed funding led by Primary Venture Partners.

Why Cargado?

• Founder's Edge: Matt Silver, a freight industry veteran with a knack for innovation, is steering the ship. He's the brains behind Forager, and now he’s bringing his A-game to Cargado, aiming to streamline how freight moves across the US-Mexico border.
• Strategic Moves: With U.S. - Mexico trade surpassing $200 billion in Q1 2024, Cargado is seizing the opportunity to help brokers and shippers deal with the nitty-gritty of cross-border logistics.

🎣Two Freight Tech Launches

Good Wednesday morning. Part of the FreightCaviar team is on their way to the Transportation Intermediaries Association (TIA) Conference in Phoenix, Arizona. We will be presenting today at media day about our SaaS product, which officially launched yesterday: ShipperCRM. If you will be around, stop by and say hi.

FreightCaviarAdriana Pulley

Seed Funding Scoop:

• Investment Deets: Led by Primary Venture Partners and supported by big names like Ironspring and RyderVentures, Cargado is poised to revolutionize the freight brokerage scene.
• Tech Vision: The funding will fuel the development of a software stack designed to simplify the messy business of cross-border freight—everything from finding truckers to handling customs.

The Tech Behind the Curtain:

• Software Savvy: Cargado’s platform aims to become the go-to for all Mexican logistics data. Imagine replacing WhatsApp chaos with sleek, efficient operations. That’s Cargado’s promise.
• Innovation at Work: With advanced tech and a keen focus on user-friendly solutions, Cargado is all set to tackle the complexities that brokers face every day.

Big Picture:

• Market Dynamics: The timing couldn't be better as Mexico nudges past China to become America’s top trading partner, thanks to nearshoring trends. Cargado’s entry into the market is perfectly timed to catch the wave of increasing trade volumes.

Sources: Primary Venture Partners