Cargo has raised $5 5 million of seed financing from CRCM Ventures Kellogg’s venture capital fund eighteen94 capital Techstars Ventures Fontinalis Partners Detroit Venture Partners Rosecliff Ventures RiverPark Ventures and Chaifetz Group
Cargo is merging convenience retail and transit as ridesharing and autonomous vehicles disrupt the 875B C-Store industry % of whose retail locations are gas stations dependent on car ownership In partnership with major rideshare companies Cargo enables drivers to earn more money and better ratings by providing their passengers with affordable access to essential products during their trip In turn rideshare companies get improved driver retention and brands get scalable unique access to premium consumers
Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/Cargo/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at contact@investocracy.co
