Kargo Raises $18.4M in Funding
Summary
Kargo raised $18.4 million in a funding round led by Matter Venture Partners, with support from existing and new strategic investors. The company plans to use the capital to expand operations and accelerate development. Kargo sells real-time freight verification software and integrated hardware that automates inbound and outbound freight capture. It also rolled out its computer vision system across 240 Armada dock doors to automate inventory management in food supply chain warehouse hubs.
Funding
Amount
$18.4M
Total raised
Date
June 9, 2025
Announcement date
Investors
Sozo Ventures, Founders Fund, Armada Investment AG
Lead investors
Company
-
Funded company
Classifications
industries
No industries detected
applications
ERP & Process Management
AskAI Classifications
Labels
No AI classifications detected