BlueCargo: Raises $11M in Funding

BlueCargo Raises $11M in Funding

• BlueCargo, a Los Angeles, CA- and New York-based provider of a logistics SaaS platform, raised $11M in funding
• The round, which brought the total amount to $15M, was led by Soma Capital and Left Lane Capital
• The company intends to use the funds to expand its geographic presence in North America, invest in its core technology, and hire talent, in the areas of product and engineering, industry experts and business leaders
• The company provides container level tracking, audit trail visibility and documentation, in one single platform connected to all of North America’s busiest container ports
• The company connects any importer, logistics provider, or drayage carrier on its platform to move cargo on time at the ports and decrease demurrage and per diem fees