Cargado receives $12M funding to expand services on U.S.-Mexico cross-border freight marketplace.

From Yahoo Finance: 2025-04-07 10:01:00

Cargado, a U.S.-Mexico cross-border freight marketplace, secured a $12 million Series A funding round led by LGVP. The platform has over 200 customers and 650 trucking companies bidding on freight. CEO Matt Silver plans to expand the platform to offer more services and features to customers. Cargado aims to be a collaboration platform for cross-border freight beyond just a load board. Funding participants include Conversion Capital, Assembly Ventures, and existing investors. President Trump’s import tariffs are causing concern in the freight market, but carriers are cautiously waiting to see the impact before changing business models.



Read more at Yahoo Finance: Cargado raises $12M to boost cross-border trucking marketplace