Pelicargo lands strategic backing from Mitsubishi Logistics' venture fund

What's the deal? PelicargoDealroom has a profile for this one. Try Dealroom →, a Cambridge, Massachusetts-based digital air cargo quoting and booking platform, has received a strategic investment from MLC VenturesDealroom has a profile for this one. Try Dealroom →, the corporate venture capital fund of Mitsubishi LogisticsDealroom has a profile for this one. Try Dealroom →. The investment establishes a strategic relationship between the two companies, which will explore collaboration in air cargo, logistics and supply chain technology.

What does Pelicargo do? The platform connects airlines, trucking companies and warehouse providers across the US, enabling freight forwarders to compare transportation options and manage shipments from quoting and booking through execution. More than 130 airlines and 600 US-based freight forwarders use the platform, according to the company.

What they're saying. MLC VenturesDealroom has a profile for this one. Try Dealroom → General Manager Shunji Sekimoto said the platform addresses the traditionally manual quoting and booking process in air cargo. PelicargoDealroom has a profile for this one. Try Dealroom → co-founder Shinji AngataDealroom has a profile for this one. Try Dealroom → described the relationship as an important milestone for the company.

The signal. The investment pairs a US digital platform with a global logistics operator and gives PelicargoDealroom has a profile for this one. Try Dealroom → a potential route to expand its logistics and supply-chain technology offering through a strategic relationship.

Read more: EIN News

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