A $35 million injection will help the business expand after its rocky start in the freight load-matching technology sector
“Freight load-matching specialist Cargomatic Inc. has raised $35 million in new backing as the company rebuilds after a rocky startup period when the business burned through cash and coped with a flurry of employee departures.
The Series B funding round, led by private-equity firm Warburg Pincus, will help the Long Beach, Calif., company expand into new markets and hire more staff, Cargomatic said Wednesday.”
Read the Full Article by The Wall Street Journal
Download the free report here. The past year has seen a transformation in the home delivery space. Lockdowns and stay-at-home orders have left people ordering online more and relying more on having those items delivered directly to their homes. At the same time, industries that once relied primarily on in-person sales are now making more...
Read MoreBy submitting this form, you agree you’d like to receive emails about news & updates from Cargomatic.
