cargo.one gets $18.6 M to take its air cargo booking platform over the pond

by RJ Shara | Jul 27, 2020 | Fundings and Exit, Startups

Berlin-based cargo.one, which runs a marketplace for scheduling air cargo, has actually closed an$18.6 million Series A round of funding led by Index Ventures. Next47 and previous backers Creandum, Lufthansa Cargo and Point Nine Capital likewise participated in the round, together with a number of angel investors — consisting of Tom Stafford of DST Global […]
It released the booking product two summers earlier, with Lufthansa Cargo as the first airline signed up.”We receive a commission cost from the airline companies for offering their air freight capabilities on our platform. The platform uses real-time presence of available air freight across covered airline companies and routes– aiming to change what can be a difficult procedure of phone and/or email back and forth for its target users(freight forwarding workplaces). Index’s Martin Mignot and Max Rimpel led the Series A financial investment in cargo.one. …