cargo.one raises $42 million in Series B fundingByDecember 17, 2020: Berlin-based digital booking platform for air cargo, cargo.one, has raised $42 million in Series B funding. The news follows months after the company received Series A funding of $18.6 million to expand to North America and Asia in July. The Series B investment is led by Bessemer Venture Partners, joined by existing investors Index Ventures, Creandum, Point Nine and Next47, to fund cargo.one’s expansion in North America. The intuitive digital platform makes booking cargo shipments as simple as booking a flight on Kayak or Skyscanner. 2020 has been a challenging year for the air cargo industry with increased demand for efficiencies and cost savings from all parties.

Source: The North Africa Journal December 17, 2020 12:45 UTC