{"id":5863,"date":"2016-07-21T15:29:04","date_gmt":"2016-07-21T09:59:04","guid":{"rendered":"http:\/\/www.ishwark6.sg-host.com\/?p=5863"},"modified":"2016-07-21T15:29:04","modified_gmt":"2016-07-21T09:59:04","slug":"goldman-sachs-invests-10-million-brazilian-trucking-startup-cargox","status":"publish","type":"post","link":"http:\/\/startup-buzz.com\/?p=5863","title":{"rendered":"Goldman Sachs Invests $10 Million in Brazilian Trucking Startup CargoX"},"content":{"rendered":"<blockquote class=\"modern-quote full\">\n<p style=\"text-align: center;\"><strong>Another Investment by Goldman Sachs!<\/strong><\/p>\n<\/blockquote>\n<p><strong>Uber for Trucks: CargoX<\/strong><\/p>\n<p>CargoX, a Brazilian Trucking startup that is popularly known as \u201cUber for trucks,\u201d recently raised $10 million in Series B round of funding to enable the company to accelerate its technology development. This will, in turn, help in advancing the business and changing the transportation ecosystem of Brazil. Cargo X is dedicated to transform the image of trucks. Federico Vega is the CEO of CargoX, a leading technology and data science company of Brazil providing truck services for corporations.<\/p>\n<p><strong>About the funding<\/strong><\/p>\n<p>The funding was led by <a href=\"https:\/\/startup-buzz.com\/goldman-sachs-led-funding-round-plaid\/\">Goldman Sachs<\/a> with the participation of existing investors like Valor Capital Group, Agility Logistics, Lumia Capital and former DHL Express US CEO Hans Hickler and Oscar Salazar, co-founder of Uber. In Series A, CargoX raised a funding of $4 led by Valor Capital Group. Till now, the startup has managed to secure a total funding of $14 million.<\/p>\n<p>Apart from the funding, Hillel Moerman, co-head of Goldman Sachs Private Capital, joins CargoX\u2019s board.<\/p>\n<p><strong>CargoX Playing a Crucial Role in the Brazilian Transportation Ecosystem<\/strong><\/p>\n<p>The Brazilian transportation scenario is largely dependent on trucks. Cargo X has a network of 1.5 lakh trucks. Its team has the best, most creative and committed professionals from Brazil, Russia, Argentina and the USA.<\/p>\n<p>Do you think CargoX will revolutionize the Brazilian Transportation Ecosystem? Kindly comment below.<\/p>\n<p><strong>Takeaways:<\/strong><\/p>\n<ul>\n<li><strong>CargoX, a Brazilian Trucking startup that is popularly known as \u201cUber for trucks,\u201d recently raised $10 million in Series B round of funding to enable the company to accelerate its technology development.<\/strong><\/li>\n<li><strong>Till now, the startup has managed to secure a total funding of $14 million. <\/strong><\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p>Subscribe with us to get your dose of interesting news, research &amp; opinions in the startup segment. Fill the form below:<em><br \/>\n<\/em>[email-subscribers namefield=&#8221;YES&#8221; desc=&#8221;&#8221; group=&#8221;Public&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another Investment by Goldman Sachs! Uber for Trucks: CargoX CargoX, a Brazilian Trucking startup that is popularly known as \u201cUber for trucks,\u201d recently raised $10 million in Series B round of funding to enable the company to accelerate its technology development. This will, in turn, help in advancing the business<\/p>\n","protected":false},"author":22,"featured_media":5864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[27,21],"tags":[1693,1692,31,1691,1605,70,875,289],"class_list":["post-5863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-start-up","tag-brazil","tag-cargox","tag-funding","tag-goldman-sachs","tag-male-entrepreneur","tag-startup","tag-startup-buzz","tag-uber"],"aioseo_notices":[],"jetpack_featured_media_url":"http:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/07\/goldman-sachs.png","_links":{"self":[{"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/5863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5863"}],"version-history":[{"count":1,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/5863\/revisions"}],"predecessor-version":[{"id":5865,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/5863\/revisions\/5865"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/media\/5864"}],"wp:attachment":[{"href":"http:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5863"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}