CargOn operates a digital logistics platform focused on end-to-end management of heavy cargo transport for industry. Founded in March 2020 and led by CEO Denny Mews, the company combines transport operations with driver benefits such as a R$50,000 life insurance and a loyalty program. CargOn says it has already moved 10 million tonnes of cargo across 300,000 trips, serves 15 clients and its app has nearly 40,000 downloads. Revenue grew from R$394k in its first year to R$6.5M in 2021 and R$14.9M in 2022. The company plans geographic expansion into Latin America (starting with Argentina) and aims to double 2022 revenue to R$30M annual by April 2024. Management intends to deploy the new capital mainly for commercial growth and technology development.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

May 2023