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cargox.com.br

Founded Year

2015

Stage

Series F | Alive

Total Raised

$377.93M

Valuation

$0000 

Last Raised

$200M | 8 mos ago

About CargoX

CargoX offers heavy duty trucking services for corporations. CargoX enables trucks owner operators to make use of excess capacity and avoid empty return trips. As a result, CargoX cuts down CO2 emissions and reduces the amount of empty trucks on the roads.

CargoX Headquarter Location

Rua Gomes de Carvalho 1195 1o andar

Sao Paulo, 04547-004,

Brazil

+55 08005915129

ESPs containing CargoX

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Mobility / Supply Chain & Logistics

Digital freight marketplaces match shippers with available carriers (e.g., truck fleets) via online platforms. Effectively matching supply with demand helps avoid capacity constraints and bottlenecks, which are common in the highly fragmented trucking industry. These marketplaces are equipped with AI-driven data analytics that help improve freight matching arrangements by enhancing pricing transpa…

CargoX named as Highflier among 14 other companies, including Convoy, Uber Freight, and 3Gtms.

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Research containing CargoX

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned CargoX in 4 CB Insights research briefs, most recently on Jun 7, 2022.

Expert Collections containing CargoX

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

CargoX is included in 5 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

4,195 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

U

Unicorns- Billion Dollar Startups

1,168 items

G

Game Changers 2018

70 items

A

Auto & Mobility Tech

415 items

We define trucking tech broadly as companies developing technology-enabled services and products focused on the freight trucking industry, such as trucking-oriented marketplace platforms, fleet management solutions, and onboard monitoring and tracking systems.

F

Future Unicorns 2019

50 items

Latest CargoX News

Tencent and SoftBank Lead USD200m Series F for Brazilian Trucking Marketplace CargoX (em português)

Oct 19, 2021

October 15, 2021 Tencent and SoftBank led a USD200m Series F for CargoX, a Brazilian trucking marketplace, with participation from Valor Capital Group and MFO Oikos, and follow-on from Lightrock. Tencent and SoftBank committed USD150m of the total round. CargoX raised a USD80m Series E led by Lightrock in 2020 and raised USD60m from Blackstone and Hudson Structured Capital Management in 2018. ( Brazil Journal ) –  A CargoX — uma das startups tentando injetar eficiência na cadeia logística — está na reta final para levantar US$ 200 milhões numa rodada Série F que vai avaliar a empresa em US$ 1 bilhão (post money), fontes a par do assunto disseram ao Brazil Journal. A rodada foi liderada pela Tencent e Softbank, que aportaram US$ 150 milhões na empresa. Os US$ 50 milhões restantes foram reservados para atuais e novos investidores, incluindo a Valor Capital, LGT Lightstone e o multifamily office Oikos. Os contratos devem ser assinados nos próximos dias. A rodada vem um ano e meio depois da CargoX levantar US$ 80 milhões numa Série E liderada pela LGT Lightstone. No total, sem contar a rodada em curso, a startup já captou US$ 176 milhões desde que foi fundada em 2016 pelo argentino Federico Vega. A CargoX conecta caminhoneiros com capacidade ociosa a empresas que precisam de frete. Por exemplo, um caminhoneiro que leva uma carga de São Paulo até Manaus a serviço de uma transportadora mas não tem carga para a volta pode usar a CargoX para se conectar a quem precisa de um frete para São Paulo, rentabilizando seu negócio. A startup tem mais de 500 mil caminhoneiros em sua plataforma, dos quais 200 mil fizeram alguma transação no último mês. Na outra ponta, a startup atende mais de 9 mil empresas, incluindo gigantes como Ambev, Unilever e Votorantim. A CargoX espera fechar o ano com um GTV (gross transaction volume) de US$ 14 bi e uma receita de US$ 70 milhões, o equivalente a 0,5% do GTV. A margem bruta está em cerca de 10%, disseram fontes a par do assunto. A empresa — que espera multiplicar sua receita por 10x nos próximos cinco anos — vai usar os recursos para financiar sua expansão geográfica (incluindo a entrada em novos países da América do Sul), investir em tecnologia e acelerar sua operação de fintech, criada este ano. O plano é aumentar a oferta de crédito e seguros aos caminhoneiros, e a penetração de sua carteira digital. Tencent and SoftBank Lead USD200m Series F for Brazilian Trucking Marketplace CargoX (em português) was last modified: October 19th, 2021 by cramos

CargoX Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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CargoX Rank

  • When was CargoX founded?

    CargoX was founded in 2015.

  • Where is CargoX's headquarters?

    CargoX's headquarters is located at Rua Gomes de Carvalho 1195, Sao Paulo.

  • What is CargoX's latest funding round?

    CargoX's latest funding round is Series F.

  • How much did CargoX raise?

    CargoX raised a total of $377.93M.

  • Who are the investors of CargoX?

    Investors of CargoX include Valor Capital Group, Lightrock, SoftBank Group, Tencent Holdings, Oikos and 15 more.

  • Who are CargoX's competitors?

    Competitors of CargoX include Freightos, Convoy, Leaf Logistics, Kargo Technologies, Loadsmart and 15 more.

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