🚚 🌎 📈 It is no secret that US-Mexico cross-border freight activity is on a historic rise, with Mexico becoming the US’ top trading partner in 2023, and already this year, trade reached $415B from January-June, the highest total ever recorded for the time period.
To keep pace with this growth in trade and movement of products across the US-Mexico border, technology must advance as well to ensure efficient, affordable, and secure cross-border transportation and logistics. Enter Cargado, a startup building tech for the freight industry by freight experts, with a vision to make cross-border freight interconnected, dependable, and transparent.
Ironspring Ventures proudly led the company’s $3M pre-seed round (announced in January), which was followed by Cargado raising a $6.8M seed round led by Primary Venture Partners this spring. Co-Founders Matt Silver and Rylan Hawkins bring a differentiated and formidable blend of freight industry expertise, cross-border insight, and technical prowess to tackling this complex problem in a massive market, and we are excited to back this duo and their horsepower team.
👉 Check out our latest “Why We Invested” to learn more about Cargado, its vision to create a seamless experience for stakeholders to collaborate, and how this team is building a world-class, customer-oriented product.
Ty Findley
https://lnkd.in/gCS5jnbz