Cargomatic is a

logistics Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the Consumption (economics), point of consumption according to the ...

company founded in 2013 by Brett Parker & Jonathan Kessler, based in

Long Beach Long Beach is a coastal city in southeastern Los Angeles County, California, United States. It is the list of United States cities by population, 44th-most populous city in the United States, with a population of 451,307 as of 2022. A charter ci ...

California California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an ...

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 share ...

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 ''Machaerium scleroxylon'' is a species of tree in the family Fabaceae Common names for the species include: pau ferro, morado, caviuna, Bolivian rosewood, and Santos rosewood. The wood is used as an alternative species to genuine rosewoods belo ...

Canaan Partners Canaan Partners, LLC (Canaan) is an American venture capital firm headquartered in Stamford, Connecticut with offices in San Francisco, Menlo Park and New York City. The firm focuses on investing in early stage companies in the technology and h ...

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 SV Angel Management LLC (SVA) is an American venture capital firm based in San Francisco, California. The firm focuses on investments related to the AI, software and IT sectors. Background Until mid-2009, Ron Conway made most of his investme ...

. 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 City, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. As of April 2024 the f ...

, 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, and the United Kingdom; and formerly in Australia. ...

References

Companies based in Los Angeles Warburg Pincus companies {{US-company-stub