Cargofive raises €2.5M in a funding round led by Indico Capital and EIT Urban Mobility to enhance its freight forwarding platform and expand operations across Europe and the Americas.
Amount Raised
€2.5 Million
Round Type
Seed
LisbonTransportationLogisticsInvestors
Description
Cargofive announced the completion of an extended funding round, raising €2.5 million with new participation from prominent venture capitalists Indico Capital and EIT Urban Mobility. The funding will fuel further innovation and enhancement of Cargofive's product, invest in Marketing & Sales for strategic expansion across Europe and the Americas, and accelerate their Product Roadmap and expand their logistical footprint with new Ocean and Inland service integrations.
Quick answer
Cargofive raised €2.5 Million in a Seed round, dated March 26, 2024. Investors: EIT Urban Mobility and Indico Capital. Cargofive is based in Lisbon, Lisbon, Portugal.
- How much did Cargofive raise?
- Cargofive raised €2.5 Million in a Seed round on March 26, 2024.
- Who invested in Cargofive?
- EIT Urban Mobility and Indico Capital are named as investors in this round.
- What does Cargofive do?
- Cargofive is a Portuguese freight forwarding company that simplifies the process of identifying efficient routes and competitive pricing, enabling the quick generation of customer quotations.
- Where is Cargofive based and how big is it?
- Cargofive is based in Lisbon, Lisbon, Portugal.
- Who are the decision-makers at Cargofive?
- Fundz holds 1 contact at Cargofive. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Logistics around the same time
Companies in the same sectors as Cargofive that raised within 45 days of this round, from Fundz verified event records.
- NEWTRUL raised $42M on April 24, 2024.
- Pipedream raised $13M (Seed) on April 24, 2024.
- LetsTransport raised $22M (Funding Round) on April 24, 2024.
- Outpost raised $13M (Series A) on April 23, 2024.
- Karzo raised an undisclosed amount (Pre-Series A) on April 16, 2024.
- Zypp Electric raised $40M (Series C) on April 12, 2024.
Who to call at Cargofive, and when
A new round usually means Cargofive is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Cargofive raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Cargofive, from your own LinkedIn network
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Related People
Cargofive raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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