Cargofy logo — The easiest way to find loads for independent truck drivers

Cargofy

The easiest way to find loads for independent truck drivers

Founded 2017 United States Cedar Rapids, United States 31 employees Series A Total: $14.00M AI, Logistics +4

General Information

Company Name Cargofy
Founded Year 2017
Location United States Cedar Rapids, United States +2
Employees 31
Industries AI, Logistics, Mobile +3
Funding Stage Series A
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About Cargofy

Cargofy is a logistics startup that simplifies the process of finding loads for independent truck drivers. The company, founded in 2017 by Stakh Vozniak, Alex Kovalchuk, and Dimitri Alexiou, is based in Cedar Rapids, eastern Iowa. Cargofy's AI-driven logistics service connects truck owners with individuals in need of shipping services, offering tools for freight matching, route planning, and shipment tracking. This efficient service not only aids truck owners in avoiding empty miles, but also saves time and fuel.

Cargofy's algorithms provide users with instant pricing, proof of delivery documents, and seamless billing and payment. As of 2023, the company has raised $3 million. It boasts a network of over 5,000 drivers in Eastern Europe and the U.S., comprising 42,000 trucks, and has conducted deals exceeding a total value of $55 million. Additionally, Cargofy has two sister companies - fr8lines and Cargohub, operating under the Forward Group brand, providing services for shippers and transportation management system, respectively.

The latest investment in Cargofy was a Seed Round amounting to $2.00M which took place on 01 February 2022. The investment came from Lair East Labs, Flyer One Ventures, JKR Investment Group, Murat Abdrakhmanov, and Hannu Turunen. With its innovative approach and successful track record, Cargofy presents a promising investment opportunity in the thriving logistics and transportation industry.

Taxonomy: AI-driven service, freight matching, route planning, shipment tracking, transportation management, truck drivers, shipping industry, Eastern Europe, United States, startup, investment, digital platform, sustainable logistics

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series A •••••• 5
Investor Investor
•••• ••••
18 Jun 2026
Seed Round •••••• 5
Investor Investor Investor
•••• ••••
01 Feb 2022
Pre Seed Round •••••• 5
Investor
•••• ••••
24 Mar 2021

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FAQ About Cargofy

The easiest way to find loads for independent truck drivers
Cargofy was founded in 2017.
Cargofy is headquartered in Cedar Rapids, United States.
Cargofy operates in the following industries: AI, Logistics, Mobile, Supply Chain, Transportation, Logistics and Delivery.
Cargofy has approximately 31 employees.
Cargofy has completed 3 funding rounds, raising a total of $14.00M. The latest funding stage is Series A.
Top alternatives and competitors to Cargofy include Coti Global Sensors Manufacturing, Forward Logistics, Inc. , Hovair Systems, VMware Avi Load Balancer, Load Controls India Pvt. Ltd. . These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Cargofy and Coti Global Sensors Manufacturing are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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