Cargofy

Cargofy is a logistics startup that simplifies the process of finding loads for independent truck drivers. The company, founded in 2017 by Stakh Vozniak, Alex Kovalchuk, and Dimitri Alexiou, is based in Cedar Rapids, eastern Iowa. Cargofy's AI-driven logistics service connects truck owners with individuals in need of shipping services, offering tools for freight matching, route planning, and shipment tracking. This efficient service not only aids truck owners in avoiding empty miles, but also saves time and fuel.

Cargofy's algorithms provide users with instant pricing, proof of delivery documents, and seamless billing and payment. As of 2023, the company has raised $3 million. It boasts a network of over 5,000 drivers in Eastern Europe and the U.S., comprising 42,000 trucks, and has conducted deals exceeding a total value of $55 million. Additionally, Cargofy has two sister companies - fr8lines and Cargohub, operating under the Forward Group brand, providing services for shippers and transportation management system, respectively.

The latest investment in Cargofy was a Seed Round amounting to $2.00M which took place on 01 February 2022. The investment came from Lair East Labs, Flyer One Ventures, JKR Investment Group, Murat Abdrakhmanov, and Hannu Turunen. With its innovative approach and successful track record, Cargofy presents a promising investment opportunity in the thriving logistics and transportation industry.