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Cargado Analysis: $12M Raised

What is Cargado?

Cargado simplifies the cross-border freight process between the U.S. and Mexico through an invite-only load board. The platform connects brokers and carriers, facilitating faster freight booking and access to a curated network of cross-border carriers. Cargado's software addresses the complexities of cross-border logistics, including specific load requirements.
Employees
1-10
Founded
2023
Industry
Supply Chain Tech, Logistics
Latest Funding Amount
$12,000,000
Latest Funding Round Size
$12.0M

Product Features & Capabilities

  • Invite-only load board
  • Cross-border freight booking
  • Carrier and broker collaboration
  • Market rate insights
  • Multilingual support in English, Spanish, and French

How much Cargado raised

Funding Round - $12.0M

Recent

Other Considerations

Serves over 200 logistics companies; 900+ carriers and 124K+ trucks in the network; Backed by investors including Primary Venture Partners and Ryder Ventures

Gtm Strategy

Cargado's go-to-market strategy appears to be a hybrid model, combining elements of both product-led growth (PLG) and sales-led growth (SLG). The website prominently features an invite-only load board, which indicates a selective approach to user acquisition, typical of a sales-led strategy. This suggests that Cargado is focused on building relationships with logistics brokers and carriers rather than encouraging rapid user adoption through self-service options.

The homepage does not prominently display options for a free trial or self-service signup, indicating a higher friction in getting started with the product. There is no clear "Start Free Trial" or "Sign Up" button, which would typically be associated with a PLG approach. Instead, the emphasis is on connecting brokers and carriers through a curated network, which aligns with a more traditional sales-led model.

While the website claims to be "loved by 200+ logistics companies," specific customer testimonials are not found, which could have provided insights into user experiences and viral adoption. Additionally, educational resources such as documentation or tutorials are not explicitly mentioned, suggesting that the company may not be heavily investing in self-service learning materials, a hallmark of PLG.

Overall, Cargado's strategy reflects a focus on high-touch relationships and larger contract values, optimizing for structured enterprise sales cycles rather than rapid user adoption and virality. This approach is likely designed to address the complexities of cross-border logistics, catering to a niche market of logistics brokers managing cross-border shipments and carriers specializing in U.S.-Mexico freight.

Reported Clients

Cargado's notable client reported in their case studies is Sage Freight, based in Brentwood, TN. Sage Freight provides brokerage services and has successfully expanded into the Mexico market with Cargado's support. They completed 37 Mexico loads with reliable service and built a routing guide of over 120 vetted carriers across 900 lanes. This partnership has significantly enhanced Sage Freight's operational confidence and competitive edge in cross-border logistics.

Find more companies like Cargado

US Series A startups

Financial Overview

$12MTotal Raised
Funding Round$12.0M
Recent
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