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Cargado

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Cross-border U.S.–Mexico freight collaboration platform

Chicago, United StatesFounded 2023Transportation

Valuation $50–100M Last recorded · 2025

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Cargado

Cargado is a U.S.–Mexico cross-border freight technology company founded by Matt Silver (former Forager CEO) and CTO Rylan Hawkins (ex-Convoy, Microsoft) to digitize truckload collaboration between shippers, brokers, and carriers on nearshoring lanes. Contxto reported a US$3 million pre-seed in January 2024 led with participation from Ty Findley and logistics angels including FreightWaves founder Craig Fuller, with product beta plans for early 2024. FreightWaves later covered a larger US$12 million raise to scale the cross-border load-board and collaboration platform as Mexico–U.S. trade volumes grew. The SaaS focuses on documentation, compliance, and operational coordination for manufacturers and logistics providers moving freight through gateways such as Laredo rather than last-mile parcel delivery. Headquarters are listed in Chicago with a Mexico trade focus; employee band is 11–50.

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At a glance

Status: Operational
Founded: 2023
Headquarters: Chicago, United States
Employees: 47
Open positions: None listed
Dealroom signal: 60.0/100
Industry: Transportation
Sub-industry: Logistics & Delivery
Sector: Transportation
Business model: SaaS
Client focus: b2b
Links: Website LinkedIn X

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Funding history

3 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES A✓Equity / VC	Apr 2025	$12M	$48M	Assembly Ventures · Primary Venture Partners · Ironspring Ventures · Friends & Family Capital	↗
SEED✓Equity / VC	May 2024	$6.8M	$27M	RyderVentures · Primary Venture Partners · Zenda · Wischoff Ventures	↗

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Growth signals

Cargado website traffic

Latest recorded traffic for Cargado is 78K monthly website visits, up 16.4% over the last three months. Cargado's team declined 6% over the past year.

Latest monthly visits78K 3-month web change+16.4% 1-year team growth-6%

Monthly website visitsJan 2024–Jul 2026

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