Berlin-based cargo.one successfully raises more than USD 3.0 million seed financing aimed at attracting more airlines to its booking platform.
Less than a year after its inception, the company raised the funding in a round led by Creandum and Point Nine Capital with the participation of Lufthansa Cargo.
The round allows the company to further develop its technology for the digital distribution and booking of air freight and to optimally meet the high demand of more airlines and forwarders.
Noting that cargo.one is another important step in the digitalisation of the industry, Peter Gerber, CEO of Lufthansa Cargo says: “We are delighted to be one of the first airlines to recognise the potential of this multi-airline platform for our customers and to have made ourselves compatible.
“We are excited about the technology and the easy-to-use product. By working with start-ups and making financial investments such as in cargo.one, we are also driving the digitalisation of our industry.”
Moritz Claussen, co-founder of cargo.one, describes the investment as a “game-changing signal” to its customers that cargo.one is a strong partner to jointly drive the digitalisation of airfreight.
“With Creandum and Point Nine, two internationally prominent investors are believing in our innovative distribution technology,” Claussen says. “With Lufthansa Cargo, one of our first customers, we are also proving that even a prime industry player is convinced of the pertinence to build an industry-wide transactional platform. This is an ideal combination.”
Co-founder Oliver T. Neumann adds: “With this investment, we can take another big step towards making the cross-airline distribution and booking of air freight accessible to all airlines and forwarders.
“The goal: A digital booking infrastructure to make airfreight bookable in real time, independent of the provider. We will be adding a number of international airlines across several continents as partners within the next couple of months, and are on track to gain a majority of freight forwarders in Europe to join the cargo.one platform as customers.”
In less than a year, cargo.one has managed to gather an impressive number of partners for their booking platform, says Pawel Chudzinski, managing partner of Point Nine Capital.
“Over the past years, we’ve backed multiple companies building industry-wide booking platforms and several logistic companies. We are convinced that in cargo.one, we’ve found the right team to fundamentally change the air freight market, which is ready for change. Booking air freight will be faster and more transparent,” Chudzinski adds.
, founded by experienced entrepreneurs Moritz Claussen, Oliver T. Neumann and Mike Rötgers,