CargoX

img São Paulo, Brazil
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CargoX is a technology freight broker that provides shipping companies with a smart and efficient solution.

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News

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FreteBras raises US$17M to make freight more eco-friendly

3 weeks ago

Contxto – FreteBras recently snagged funds to lighten the load freight puts on our environment. The Brazilian startup and its platform for connecting shippers, drivers, and truckers closed US$17 million through IDB Invest.  What’s pleasing/unusual to report is that rather than scaling, FreteBras has other plans with the funds.  Priorities for FreteBras Not exactly a […]

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CargoX raises US$2.8 million to fuel trucking companies with working capital

4 months ago

Contxto – Earlier this year, logistics startup CargoX stated that it wanted to finance more transport companies in Brazil. To that end, this it recently raised R$15 million (about US$2.8 million) through Pattac Empreendimentos e Participações to procure small and medium-sized trucking businesses with working capital. In April the “Uber for trucking” startup had closed […]

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Fairplay thinks it can give an edge to e-commerce startups—it sure has the money, offers over US$3 million

6 months ago

Contxto – There is still money to be had for those who know where to find it—and those who happen to be in the right industry at the right time. This is particularly true of e-commerce.  This is something financing platform, Fairplay, wants to make the most of. Therefore, the Mexican revenue-based financing platform has […]

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CargoX hauls in US$80 million investment with big pandemic growth

6 months ago

Contxto – Brazilian logistics startup CargoX is hauling in an impressive investment. The São Paulo-based business announced last week an equity round for US$80 million for its Series E led by LGT Lightstone. Other investors included Goldman Sachs, Valor Capital, and Farallon Capital. Thanks to this funding, the startup will further develop its tech to […]

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Brazil’s CargoX hauls in credit lines for trucking and real-time pricing

7 months ago

Contxto – Diversify income earnings and improve current products. These are the objectives currently being targeted by Brazilian CargoX.  This startup for trucking announced this week that it will enhance its platform so that by the end of 2020, it will offer real-time pricing for managing a freight load. This will be possible through the use […]

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Top 5 Venture Capital funds in Argentina

8 months ago

Contxto – If Chile’s venture capital (VC) scene is crowded for such a small country, all while keeping swift and nimble—as we saw in last week’s VC ranking—, then this week’s featured country packs a punch with a just handful of players.  Related articles: Top 7 Venture Capital funds in Chile The financial and economic […]

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Regional company buys Uruguayan logistics platform, Gurucargo

9 months ago

Contxto – Uruguayan-Brazilian freighttech Gurucargo is making an exit. Notably, it’s “in the process of being sold to a regional traditional player,” according to a Medium post by one of the startup’s founders. As a result, the freighttech’s main office will be pulled out of Uruguay. In addition, Gurucargo’s leadership will be guiding the acquirer […]

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Brazilian freight app, TruckPad, announces 80 job vacancies

1 year ago

Contxto – Brazilian truck drivers are working in a progressively modernizing industry with TruckPad‘s solution. The transportation and logistics technology startup recently revealed 80 roles at its São Paulo headquarters to continue improving the enterprise.  In Summary  TruckPad launched a digital freight marketplace used by both companies and freelance truck drivers in 2013. Things seem […]

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Amazon to meet the Amazon, starts selling directly to Brazilian consumers

1 year ago

Contxto – Well, it was about time. Seattle’s e-commerce giant, Amazon, is finally stepping up its Latin American game. Last January, the company launched a Brazilian chapter, now selling directly to consumers. Why do I mean by directly? Well, Amazon was present in the country since 2012, but only as a peer-to-peer trading platform – […]

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