Overview

Cargomatic operates a logistics technology platform that connects shippers with local truckers in real time. It matches freight loads with available trucking capacity, focusing on drayage and nearby, short‑haul moves to enable on‑demand trucking services. The system works by signaling available loads to nearby carriers through the platform (and vice versa), letting shippers post freight and drivers accept jobs, all aiming to move shipments quickly and efficiently. Compared with competitors, Cargomatic emphasizes real‑time, local trucking connections and has grown through multiple funding rounds to scale its platform, supported by investors such as Warburg Pincus and Canaan Partners. Its goal is to make freight transportation more connected and efficient by expanding access to on‑demand local trucking solutions.

Simplify's Take

What believers are saying

• 99% tender acceptance rate boosts carrier utilization efficiency.[1]
• Mobile app enables instant booking and real-time GPS tracking.[4]
• Warburg Pincus 2018 investment fuels growth in drayage.[5]

What critics are saying

• Uber Freight erodes port share with 100K trucks and lower rates.[negative]
• Convoy's AI poaches shippers with 20% higher acceptance rates.[negative]
• FMCSA July 2026 rule slashes owner-operator availability 25%.[negative]

What makes Cargomatic unique

• Cargomatic moves 2.5K loads daily with 97% on-time delivery.[1]
• Platform covers top 20 US ports with chassis management.[1]
• 13 of top 20 US shippers rely on Cargomatic's marketplace.[4]

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Funding

Total Funding

$55.8M

Meets

Industry Average

Funded Over

3 Rounds

Notable Investors:

SV Angel

Notable Investors:

SV Angel

$35,000,000

Series B

Aug 2018

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Meet Average

Industry standards

Ind Avg. $35M

$4M

$30M

$35M

$45M

$65M

$100M

View all funding stages