TLDR:
- Cargado, a logistics tech startup, raises $6.8 million in seed funding
- Funding will be used to expand team and enhance company’s product
Logistics tech startup Cargado has secured $6.8 million in seed funding to further develop its innovative platform for cross-border freight logistics between the United States and Mexico. The seed round was led by Primary Venture Partners, with participation from existing investors Ironspring Ventures, Zenda Capital, Wischoff Ventures, and Proeza Ventures, as well as new investor Ryder Ventures. Cargado, founded in October 2023 by CEO Matt Silver and CTO Rylan Hawkins, aims to address the challenges of moving freight between the US and Mexico using cutting-edge technology. The company plans to use the funding to expand its team, enhance its product, and open offices in Chicago and Monterrey, Mexico. With positive feedback from early users, Cargado is poised to revolutionize the cross-border logistics industry with its intuitive and efficient platform.
