CargoX

Why Latin America’s freight-forwarding opportunity is still attracting capital

Amid a pandemic and unrest over gasoline prices, investors are still pouring money into Latin America's logistics and shipping businesses.

Latin America Roundup: Big rounds, big mergers and a $3.8M pandemic fund from Nubank

Sophia Wood Contributor Share on X Sophia Wood is a Venture Partner at Magma Partners. Sophia is also the co-founder of LatAm List, an English-language Latin American tech news source. More posts by t

Investors are pouring money into Latin America’s logistics and shipping businesses

New technology companies are poised to transform the shipping and freight industry across Latin America. Startups like Liftit, a Colombian provider of trucking services, and Nowports, a Mexican freigh

Smart trucking startup CargoX raises $20M

CargoX announced today that it has raised $20 million in Series C funding led by Goldman Sachs. The startup is currently focused on the Brazilian market, where it connects businesses that need to ship

Copycats versus disruptors in Latin America

A majority of the most successful startups coming out of Latin America have fallen under the "copycat" business model. On the other hand, there’s been a rise in truly disruptive ideas coming out of

Goldman Sachs leads $10M investment in Brazilian trucking startup CargoX

CargoX, a Brazilian startup that has been described as “Uber for trucks,” is announcing that it has raised $10 million in Series B funding. The analogy is kind of irresistible, since Uber