Cargomatic Explained

Cargomatic
Industry:	Trucking software, Logistics
Location:	Long 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)

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]}

Focus

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

Funding

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.^[5] In 2018, Cargomatic raised $35M in its Series B funding^[6] from Warburg Pincus, Canaan Partners and Genesee & Wyoming.^[7]

Notes and References

1. Web site: Cargomatic’s mobile technology connects truckers to short-range jobs. September 27, 2014. Dave. Paresh. en-US. Los Angeles Times. 2019-12-17.
2. Web site: Cargomatic - Instantly Connecting Shippers with Local Carriers. Cargomatic.
3. Web site: Bloomberg Cargomatic. Bloomberg.
4. Web site: Road Haulage - The appy trucker. March 5, 2016. en-US. The Economist. 2019-12-16.
5. Web site: Los Angeles Times - Technology - May 9th 2016. Dave. Paresh. May 9, 2016. en-US. 2019-12-16. Los Angeles Times.
6. Web site: Cargomatic Gets New Funding as Rebuilding Effort Gains Traction. Smith. Jennifer. August 15, 2018. WSJ. en-US. 2019-12-12.
7. Web site: Genesee & Wyoming Announces Investment in Cargomatic. July 2, 2018. Business Wire. en. 2019-12-12.