Cargomatic is a
logistics
Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of ...
company founded in 2013 by Brett Parker & Jonathan Kessler,
based in
Long Beach
Long Beach is a city in Los Angeles County, California. It is the 42nd-most populous city in the United States, with a population of 466,742 as of 2020. A charter city, Long Beach is the seventh-most populous city in California.
Incorporate ...
,
California
California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...
specifically targeting the fragmented short-haul and drayage trucking markets connecting shippers and carriers real-time with its
crowdshipping Crowdshipping, sometimes referred to as crowd logistics, applies the concept of crowdsourcing to the personalized delivery of freight. Crowdshipping can be conceived as an example of people using social networking to behave collaboratively and sha ...
web platform and mobile
app.
Focus
The company focuses on assisting shippers and carriers in the trucking industry through the following segments:
Funding
In 2016, at the close of Series A funding, Cargomatic raised a total of $20.8M from investors including
Morado Ventures,
Canaan Partners,
Sherpa Capital
Sherpa Capital is an American venture capital firm established in March 2013 by Shervin Pishevar and Scott Stanford. Based in San Francisco, CA, Sherpa Capital specializes in early stage and growth startups ranging from e-commerce to technology.
...
, and
SV Angel.
In 2018, Cargomatic raised $35M in its Series B funding from
Warburg Pincus
Warburg Pincus LLC is a global private equity firm, headquartered in New York, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over ...
, Canaan Partners and
Genesee & Wyoming
Genesee & Wyoming Inc. (G&W) is an American short line railroad holding company, that owns or maintains an interest in 122 railroads in the United States, Canada, Belgium, Netherlands, Poland, United Kingdom and formerly Australia. It operates ...
.
References
Companies based in Los Angeles
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