Cargomatic is a logistics company founded in 2013 by Brett Parker & Jonathan Kessler,[1] based in Long Beach, California specifically targeting the fragmented short-haul and drayage trucking markets connecting shippers and carriers real-time with its crowdshipping web platform and mobile app.[2][3][4]

Cargomatic
IndustryTrucking software, Logistics
Founded2013; 11 years ago (2013)
HeadquartersLong Beach, California
Key people
  • Richard Gerstein (CEO)
  • Steve Jackson (Chief Administrative Officer)
  • Weston LaBar (Head of Strategy)
  • Matt Hogan (Chief of Staff)
  • Michael Neller (EVP, Sales)
  • Sunil Sharma (Chief Product and Technology Officer)
  • Laura Lucas (Chief People Officer)
  • John Curtis (Chief Financial Officer)
Websitecargomatic.com

Focus

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The company focuses on assisting shippers and carriers in the trucking industry through the following segments:

Funding

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In 2016, at the close of Series A funding, Cargomatic raised a total of $20.8M from investors including Morado Ventures, Canaan Partners, Sherpa Capital, and SV Angel.[8] In 2018, Cargomatic raised $35M in its Series B funding[9] from Warburg Pincus, Canaan Partners and Genesee & Wyoming.[10]

References

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  1. ^ a b Dave, Paresh (September 27, 2014). "Cargomatic's mobile technology connects truckers to short-range jobs". Los Angeles Times. Retrieved 2019-12-17.
  2. ^ "Cargomatic - Instantly Connecting Shippers with Local Carriers". Cargomatic.
  3. ^ "Bloomberg Cargomatic". Bloomberg.
  4. ^ "Road Haulage - The appy trucker". The Economist. March 5, 2016. Retrieved 2019-12-16.
  5. ^ Cooper, Rosemary; Timmer, Vanessa (October 1, 2015). "Local Governments and the Sharing Economy – A roadmap helping local governments across North America strategically engage with the sharing economy to foster more sustainable cities" (PDF). One Earth – Local Gov Sharing Econ. Retrieved 2019-12-16.
  6. ^ Ockedahl, Carina (March 7, 2016). " "Trucking Start-Up Cargomatic Wants to be Shipping's Uber". Trucks.com. Retrieved 2019-12-17.
  7. ^ "Port of LA to Test Cargomatic Service, Seeks to Speed Freight Movement". Transport Topics. August 6, 2015. Retrieved 2019-12-16.
  8. ^ Dave, Paresh (May 9, 2016). "Los Angeles Times - Technology - May 9th 2016". Los Angeles Times. Retrieved 2019-12-16.
  9. ^ Smith, Jennifer (August 15, 2018). "Cargomatic Gets New Funding as Rebuilding Effort Gains Traction". WSJ. Retrieved 2019-12-12.
  10. ^ "Genesee & Wyoming Announces Investment in Cargomatic". Business Wire. July 2, 2018. Retrieved 2019-12-12.