Cargomatic

Cargomatic

Real-time platform connecting shippers with truckers

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.

About Cargomatic

Simplify's Rating
Why Cargomatic is rated
C
Rated C on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Automotive & Transportation

Enterprise Software

Company Size

201-500

Company Stage

Series B

Total Funding

$55.8M

Headquarters

Long Beach, California

Founded

2013

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Simplify's Take

What believers are saying

  • Cargomatic is exhibiting at IANA Intermodal Expo 2026 in Long Beach next week.
  • Its 2026 careers page lists multiple open roles, including AI, data, and account management.
  • Port congestion and intermodal complexity keep demand high for faster drayage coordination tools.

What critics are saying

  • No disclosed funding since 2018 leaves Cargomatic vulnerable against better-capitalized logistics rivals.
  • FreightWaves reported 2016 leadership exits and 2019 layoffs, signaling recurring execution strain.
  • A failed shipper-carrier liquidity loop kills the marketplace and ends Cargomatic’s business model.

What makes Cargomatic unique

  • Cargomatic covers top 20 U.S. ports with drayage, LTL, warehousing, and storage.
  • Its AI-enabled marketplace matches real-time cargo space and drivers for local freight.
  • Genesee & Wyoming partnership embeds Cargomatic into rail terminal and transload networks.

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Funding

Total Funding

$55.8M

Below

Industry Average

Funded Over

6 Rounds

Notable Investors:
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

$35M
$35M
Cargomatic
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Paid Vacation

Paid Holidays

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

0%
AftermarketNews
Sep 9th, 2026
Fullbay names Paul Malone president and CRO.

Fullbay names Paul Malone president and CRO. Malone most recently served as CRO at Truckstop.com, a transportation technology and freight-matching solutions company. Jeff White is the Managing Editor of Counterman. He joined Babcox after a 20-year career in TV News as a Producer. You can contact him at [email protected] Published: September 9, 2026 Fullbay has hired Paul Malone as president and chief revenue officer, effective Sept. 8, 2026. In the newly created role, the company said Malone will lead its go-to-market functions, focusing on accelerating growth, deepening customer value, expanding market presence, driving operational excellence and advancing adoption of Fullbay Next, the company's mobile-friendly, AI-native shop management platform launched in August. Leadership experience in transportation and logistics. A seasoned revenue executive, Malone most recently served as CRO at Truckstop.com, a transportation technology and freight-matching solutions company. Previously, he was CRO at ACERTUS, an automotive third-party logistics (3PL) provider, where he led an enterprise-wide commercial transformation. Across both roles, Malone built and executed revenue strategies, strengthened commercial organizations, and helped drive growth across the transportation and logistics industries. Executive perspectives. "Paul understands both where our industry sits today and where it's headed, making him an ideal leader for Fullbay's new chapter," said Trent Broberg, CEO of Fullbay. "His deep transportation and logistics expertise, combined with his AI-first approach to go-to-market strategies, will be instrumental as we continue to evolve our business and bring transformational solutions to our customers. We're excited to have his experience and perspective as we continue to strengthen Fullbay's position as an industry leader." "Having sat on the fleet side of this industry, I know exactly where the friction lives between fleet management and service operations. Fullbay is solving that from the inside out, and the Fullbay Next platform's AI-native approach is exactly the kind of shop management software this space has been waiting for," said Malone. Career background. Prior to his CRO roles at Truckstop and ACERTUS, Malone served as executive vice president of sales and marketplace at Cargomatic. Earlier, he spent nearly a decade at Truckstop.com leading commercial organizations and a decade at Swift Transportation leading operations.

EIN News
Mar 14th, 2025
Cargomatic Recognized for Excellence in Logistics Technology and Innovation

LONG BEACH, CA, UNITED STATES, March 14, 2025 / EINPresswire.com / - Cargomatic, a leading short-haul logistics provider, today announced it has been recognized as" Local Freight Carrier of the Year " by Logistics Tech Outlook.

Cargomatic
Jan 17th, 2025
Cargomatic Recognized as a "Best Place to Work" for the Third Consecutive Year

Cargomatic recognized as a "best place to Work" for the third consecutive year.

Cargomatic
Dec 4th, 2024
People on the Move podcast featuring Carl Bentzel

FMC Commissioner Carl Bentzel joined Cargomatic on a recent People on the Move podcast.

Cargomatic
Dec 2nd, 2024
People on the Move podcast featuring Bekaah Boettcher

Bekaah Boettcher, Director of Global Logistics at Trek Bicycles, joined Cargomatic on a recent People on the Move podcast.

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