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.”
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