Cargo Stream raises €1m from LitCapital to expand logistics platform in the UK and Poland
LitCapital led the investment, which will fund market expansion and operations.
≈ £867K at €1 = £0.8667 on 10 Aug 2023
Cargo Stream provides a cloud-based logistics management platform that automates land transportation workflows for freight forwarders and shippers.
Cargo Stream has secured €1m in funding led by LitCapital to support its growth strategy. The company provides a cloud-based platform designed to automate land transportation logistics and reduce manual administrative tasks for freight forwarders.
The fresh capital will be directed towards expanding operations in the UK and increasing market penetration in Poland. Cargo Stream anticipates revenue exceeding €2m, with projections aiming for €3m.
The platform unifies communication, order management, and file sharing into a single interface accessible via desktop and mobile devices, helping traditional transport companies transition to digital operations.
From the founder
"We are excited to partner with LitCapital and grateful for their trust in our big vision. Based on the current financial projections, our revenue will exceed 2 million Euro. Objectively, it could be more, hence our aim is to reach 3 million Euros in 2023"
Sarunas Belickas
COO at Cargo Stream
Use of funds
- 01Expand into international markets
- 02Scale operations
Investors
About the company
Cargo Stream
Cargo Stream operates a digital logistics management platform for freight forwarders and shippers.