Cargado Secures US$3 Million Pre-Seed For Cross-Border Logistics

Emerging logistics company Cargado successfully secured a US$3 million in a pre-seed funding round from several investors, including Ironspring Ventures, Wischoff Ventures, Zenda Capital, Proeza Ventures, Sahil Bloom, Craig Fuller, and other notable angel investors. The infusion of capital supports Cargado's mission of streamlining cross-border logistics, creating a seamless and efficient experience.

The company has a team of logistics and technology experts with an unwavering commitment to simplifying cross-border logistics, Matt Silver, Co-Founder and CEO, Cargado, writes on LinkedIn. However, Cargado does not intend to establish a brokerage or disrupt existing cross-border supply chains; rather, it focuses on connecting all players in the logistics process to elevate the overall experience.

In a newsletter, Silver explains that Cargado surges after a decade of firsthand experience in the cross-border Mexico freight industry in companies like Coyote, Forager, and Arrive Logistics. Silver also explains that as the US-Mexico logistics market expands, it faces challenges such as outdated processes, a lack of standards, and limited technological innovations. Cargado aims to bridge this gap through the technology it builds. 

Headed by Silver and Rylan Hawkins, Co-founder and CTO, the core team at Cargado brings a wealth of experience from industry giants such as Convoy and Microsoft. The pre-seed funding round positions Cargado to develop tools and resources that directly address industry pain points, fostering a more connected supply chain based on insights gained from their experience at industry-defining companies.

Cargado's pre-seed round garnered support from investors interested in logistics, supply chain, and Latin America. Ironspring Ventures, led by Ty Findley, played a leading role in the funding. Other investors include Zenda Capital, Wischoff Ventures, and Proeza Ventures.

Cargado has already secured a strong group of beta customers who will provide feedback as the product is fine-tuned.