Vilnius-based logtech startup Cargo Stream bags €1M to streamline logistics process

▤ Summary

Vilnius-based Cargo Stream, a logtech startup, announced on Thursday, August 11, that it has secured €1M in a funding round led by private equity firm LitCapital. LitCapital is an independent growth capital fund dedicated to investing in high-growth companies in the Baltic region. The Lithuanian startup says the funding will enable it to accelerate expansion plans, enabling the company to start operations in the Polish market while strengthening it in the United Kingdom. “We are excited to partner with LitCapital and grateful for their trust in our big vision. Objectively, it could be more, hence our aim is to reach €3M in 2023,” says Sarunas Belickas, COO of Cargo Stream.

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Cargo stream

$1M to $5M