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§ Private Profile · São Paulo, Sao Paulo, Brazil
Blockchain platform provider offering secure electronic trade document transfer and validation for logistics, trade, and finance sectors.
Based in Ljubljana, Slovenia, CargoX develops a blockchain-based platform for the secure transfer and ownership validation of electronic trade documents. The company utilizes the Ethereum network to digitize over 65 document types, including bills of lading and letters of credit, reducing delivery times and operational risks for the logistics and trade finance sectors. The platform supports a user base of over 75,000 registered companies and was initially funded through a $7 million initial coin offering of its CXO token. CargoX has established strategic partnerships and integrations with notable industry entities, including G2 Ocean, Manuchar, Portall Infosystems, and Contour. Additionally, the system holds regulatory approval from the International Group of Protection & Indemnity Clubs for electronic bill of lading transfers. The organization was founded in 2018 by a team of logistics and technology professionals.
CargoX has raised $387.3M across 8 funding rounds.
CargoX has raised $387.3M in total across 8 funding rounds.
CargoX has raised $387.3M across 8 funding rounds. Most recently, it raised $200.0M Series F in November 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2021 | $200M Series F | — | AME Cloud Ventures, General Catalyst, Hardware Club, Softbank Latin America Fund, Valor Capital Group | Announced |
| Apr 1, 2020 | $87M Series E | — | Valor Capital Group | Announced |
| Aug 1, 2018 | $60M Series D | — | Qualcomm Ventures | Announced |
| Nov 1, 2017 | $25M Series C | Hillel Moerman | Qualcomm Ventures, Valor Capital Group, Oscar Salazar, Agility Logistics, Soros Fund Management | Announced |
| Jul 1, 2016 | $10M Series B | Hillel Moerman | Valor Capital Group, Hans Hickler, Oscar Salazar, Agility Logistics, Lumia Capital | Announced |
| Dec 1, 2015 | $4M Series A | — | NXTP Labs, Qualcomm Ventures, Softbank Latin America Fund, Valor Capital Group, Henry Kravis, Mike Hennessey | Announced |
| Jun 1, 2014 | $1M Seed | — | Valor Capital Group | Announced |
| May 1, 2013 | $250K Seed | — | Math Capital | Announced |
CargoX has raised $387.3M in total across 8 funding rounds.
CargoX's investors include AME Cloud Ventures, General Catalyst, Hardware Club, Softbank Latin America Fund, Valor Capital Group, Qualcomm Ventures, Hillel Moerman, Oscar Salazar, Agility Logistics, Soros Fund Management, Hans Hickler, Lumia Capital.
CargoX is a Slovenia-based technology company founded in 2018 that builds a blockchain-based platform for secure, fast, and cost-effective transfer of electronic trade documents, primarily targeting the logistics, trade, trade finance, manufacturing, energy, and government sectors.[2][3][7] Its core product, the CargoX Platform for Blockchain Document Transfer (BDT)—featuring the Smart B/L (blockchain-based bill of lading)—solves longstanding pain points in global shipping and trade by replacing paper documents with tokenized, immutable digital versions on the neutral Ethereum blockchain, enabling ownership transfer in seconds while ensuring military-grade encryption, confidentiality, and auditability.[1][3][7] The platform serves importers, exporters, freight forwarders, shippers, carriers, customs officers, trade finance providers, and governments, eliminating courier delays, high costs, risks of tampering or loss, and demurrage fees associated with physical bills of lading and other documents of title.[1][5][7] By 2022, it had over 75,000 registered companies, growing to more than 150,000 active users across 65+ document types like letters of credit and certificates, demonstrating strong growth momentum through partnerships and industry approvals, such as becoming one of six platforms endorsed by the IGP&I insurers in 2020.[3][7]
CargoX emerged from a team of logistics, IT, finance, startup, and blockchain experts who identified inefficiencies in traditional shipping documentation, particularly the paper-based Bill of Lading process that causes delays, high costs, and security risks in global trade.[2][5] Founded in 2018 in Ljubljana, Slovenia, the company quickly gained traction: it secured funding rapidly, launched a live demo of its Smart B/L solution by April of that year, and became one of five finalists (out of 800 startups) in the Transportation & Delivery category at the 11th SXSW Pitch in Austin, Texas.[1][5] Key early milestones include leveraging Ethereum for document tokenization and possession validation, building partnerships with global organizations, and participating in industry standards bodies for interoperability; by April 2020, it released the third-generation platform, and in 2020 earned approval from the prestigious IGP&I group of insurers.[2][3] Leaders like CEO Stefan Kukman (logistics and IT background) and Ruedi Reisdorf (Fracht AG CEO, early partner) emphasized modern tech to enable frictionless, secure workflows without requiring users to handle cryptocurrencies.[1][5]
CargoX rides the blockchain disruption in logistics and trade finance, addressing a $14 trillion+ global trade market plagued by paper documents that cause 15-20% delays and billions in annual losses from fraud, loss, or inefficiencies.[3][5] Its timing aligns perfectly with post-pandemic digitization acceleration, regulatory pushes for electronic trade docs (e.g., eBL standards), and Ethereum's maturity for enterprise use, enabling neutral platforms amid rising demand for supply chain transparency amid geopolitical tensions and just-in-time manufacturing.[1][2][7] Market forces like IMO's 2025 paperless goals, ESG pressures on emissions from paper/couriers, and trade finance digitization (where docs are collateral) favor CargoX, positioning it as a key enabler in a shift to tokenized assets and smart contracts.[3][8] It influences the ecosystem by setting interoperability standards, onboarding 150,000+ companies, and proving blockchain's practicality for legacy industries, paving the way for wider adoption in DeFi-trade hybrids and AI-augmented logistics.[2][7]
CargoX is poised to dominate electronic trade documents as the fastest-growing neutral platform, expanding beyond logistics into energy, manufacturing, and gov with new workflows and multi-chain support. Trends like AI-driven predictive trade, regulatory mandates for digital docs, and Web3 integration for tokenized real-world assets will propel its growth, potentially capturing a larger share of the $100B+ trade finance market. Its influence may evolve from niche innovator to infrastructure layer, fostering a trusted digital trade ecosystem—reshaping global cargo shipping one blockchain transaction at a time, just as it set out to do.[2][7]