# Cargado funding: rounds and investors

> Cargado has raised $12M across 1 round since 2025. Investors include Conversion Capital and Primary Venture Partners. Every round with its source.

Source: https://millionrounds.com/company/cargado (Millionrounds; every figure on the page links to its filing or article)

United States · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Cargado*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Logistics

Funding summary Updated 26 Oct 2026

**$12M** raised across 1 round since 2025, from 2 sources

- **Latest round:** Series A, $12M Apr 2025
- **Led by:** Conversion Capital
- **Investors:** 2 (1 led)

See who backed them

## The rounds

- **Apr 2025** Series A **$12M** [Conversion Capital](https://millionrounds.com/fund/conversion-capital) Lead [Primary Venture Partners](https://millionrounds.com/fund/primary-venture-partners) Reported by Conversion Capital and 1 other SEC filing: $12M sold, first sale Mar 2025

## Founders and team

From Cargado's own website: 2 founders, 2 on the team.

**Matt Silver** Co-founder and CEO

**Rylan Hawkins** Co-founder and CTO

- **Brian Sinclair** Head of Marketplace Strategy
- **Chris Agnew** Head of Sales

## Everyone who backed them

[Conversion Capital](https://millionrounds.com/fund/conversion-capital) VC firm **1** round, led 1

[Primary Venture Partners](https://millionrounds.com/fund/primary-venture-partners) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cargado).

## Also claim to have backed them

These 4 firms list Cargado as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Zenda Capital](https://millionrounds.com/fund/zenda-capital) VC firm Per its own site

[Assembly Ventures](https://millionrounds.com/fund/assembly-ventures) VC firm Per its own site

[Evan Moore](https://millionrounds.com/fund/evan-moore) VC firm Per its own site

[Wischoff Ventures](https://millionrounds.com/fund/wischoff-ventures) VC firm Per its own site

## Quick answers about Cargado

### Who invested in Cargado?

Cargado's investors include Conversion Capital and Primary Venture Partners. Conversion Capital led its latest round.

### How much has Cargado raised?

Cargado has raised $12M across 1 round since 2025.

### When did Cargado last raise?

Cargado's most recent round was a Series A of $12M in Apr 2025, led by Conversion Capital.

### What was Cargado's biggest round?

Its most recent round, $12M in Apr 2025, is also its largest on record.

### Who backed Cargado first?

Cargado's first round on record, in Apr 2025, was backed by Conversion Capital and Primary Venture Partners.

### What stage is Cargado at?

Cargado's latest named round is a Series A, in Apr 2025.

### Where is Cargado based?

Cargado is based in the United States.

### Who led Cargado's rounds?

Conversion Capital led the Series A in 2025.

## Companies like Cargado

In the same sector, and raised in the last eighteen months.

[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)[**DashFuel** Oct 2026](https://millionrounds.com/company/dashfuel)[**Truck Parking Club** Oct 2026](https://millionrounds.com/company/truck-parking-club)[**Applied Intuition** $640M · Oct 2026](https://millionrounds.com/company/applied-intuition)[**Stord** $782M · Oct 2026](https://millionrounds.com/company/stord)

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