Cargado, a Chicago-based logistics company, has secured $12 million in a Series A funding round. The investment was led by LGVP with participation from others, including Conversion Capital and Assembly Ventures. The money will help enhance product development and expand the company’s integrated cross-border freight marketplace.
Cargado aims to simplify cross-border logistics by reducing friction and promoting collaboration among logistics providers and carriers. Cargado’s platform features an invite-only load board, and all carriers are personally vetted before they can join to ensure a secure and transparent environment.
Since its launch in late 2024, Cargado has served over 200 customers and added more than 650 carriers to its platform. Its recent funding follows a period of growth and will further support the company's expansion as it works to help its customers manage and grow their cross-border operations.
