# Cargo funding: rounds and investors

> Cargo has raised $31M across 5 rounds since 2014. Investors include Techstars, Fontinalis Partners and Detroit Venture Partners. Every round with its source.

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

United States · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *Cargo*

5 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI

Y Combinator: S23

Funding summary Updated 26 Oct 2026

**$31M** raised across 5 rounds since 2014, from 5 sources

**$300K** Seed **$1.8M** Seed **$5.5M** Seed **$23M** Round **$500K** Pre-seed

- **Latest round:** Pre-seed, $500K Sept 2023
- **Biggest round:** $23M Round · Sept 2018
- **Investors:** 9

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2016 2018 2020 2022

**$300K** Seed

**$1.8M** Seed

**$5.5M** Seed

**$23M** Round

**$500K** Pre-seed

- **First round:** Seed, $300K
- **Biggest round:** $23M
- **Usual gap between rounds:** 2.8 years

## The rounds

- **Sept 2023** Pre-seed **$500K** *1 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) Source recorded
- **Sept 2018** Round **$23M** *1 new* [Founders Fund](https://millionrounds.com/fund/founders-fund) Reported by Crunchbase News SEC filing: $22M sold, first sale Sept 2018
- **Jan 2018** Seed **$5.5M** *3 new* *4 returning* [Techstars](https://millionrounds.com/fund/techstars) [RiverPark Ventures](https://millionrounds.com/fund/riverpark-ventures) [Fontinalis Partners](https://millionrounds.com/fund/fontinalis-partners) [Detroit Venture Partners](https://millionrounds.com/fund/detroit-venture-partners) [Rosecliff Ventures](https://millionrounds.com/fund/rosecliff) [Chaifetz Group](https://millionrounds.com/fund/chaifetz-group) [Eighteen94 Capital](https://millionrounds.com/fund/eighteen94-capital) Reported by FinSMEs SEC filing: $4.4M sold, first sale Nov 2017
- **Jul 2017** Seed **$1.8M** *4 new* [Techstars](https://millionrounds.com/fund/techstars) [Fontinalis Partners](https://millionrounds.com/fund/fontinalis-partners) [Detroit Venture Partners](https://millionrounds.com/fund/detroit-venture-partners) [Rosecliff Ventures](https://millionrounds.com/fund/rosecliff) Reported by TechCrunch
- **Sept 2014** Seed **$300K** No investor was named in the report. From a historical funding record

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2014 **Seed** 2017 **Seed** 2018 **Round** 2018 **Pre-seed** 2023 [Techstars](https://millionrounds.com/fund/techstars) [Fontinalis Partners](https://millionrounds.com/fund/fontinalis-partners) [Detroit Venture Partners](https://millionrounds.com/fund/detroit-venture-partners) [Rosecliff Ventures](https://millionrounds.com/fund/rosecliff) [Y Combinator](https://millionrounds.com/fund/y-combinator) [Founders Fund](https://millionrounds.com/fund/founders-fund) [RiverPark Ventures](https://millionrounds.com/fund/riverpark-ventures) [Chaifetz Group](https://millionrounds.com/fund/chaifetz-group) [Eighteen94 Capital](https://millionrounds.com/fund/eighteen94-capital)

## Everyone who backed them

[Techstars](https://millionrounds.com/fund/techstars) VC firm **2** rounds

[Fontinalis Partners](https://millionrounds.com/fund/fontinalis-partners) VC firm **2** rounds

[Detroit Venture Partners](https://millionrounds.com/fund/detroit-venture-partners) VC firm **2** rounds

[Rosecliff Ventures](https://millionrounds.com/fund/rosecliff) VC firm **2** rounds

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

[Founders Fund](https://millionrounds.com/fund/founders-fund) VC firm **1** round

[RiverPark Ventures](https://millionrounds.com/fund/riverpark-ventures) VC firm **1** round

[Chaifetz Group](https://millionrounds.com/fund/chaifetz-group) Family office **1** round

[Eighteen94 Capital](https://millionrounds.com/fund/eighteen94-capital) Corporate VC **1** round

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

## Also claim to have backed them

This firm lists Cargo as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[New Dominion Angels](https://millionrounds.com/fund/new-dominion-angels) Angel network Per its own site

## Quick answers about Cargo

### Who invested in Cargo?

Cargo's investors include Techstars, Fontinalis Partners, Detroit Venture Partners, Rosecliff Ventures and Y Combinator, and 4 more on record.

### How much has Cargo raised?

Cargo has raised $31M across 5 rounds since 2014.

### When did Cargo last raise?

Cargo's most recent round was a Pre-seed of $500K in Sept 2023.

### What was Cargo's biggest round?

Cargo's largest round on record is $23M (Undisclosed round), in Sept 2018.

### Who backed Cargo first?

Cargo's first round on record, in Jul 2017, was backed by Techstars, Fontinalis Partners and Detroit Venture Partners and 1 others.

### What stage is Cargo at?

Cargo's latest named round is a Pre-seed, in Sept 2023.

### Where is Cargo based?

Cargo is based in the United States.

## Companies like Cargo

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

[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Pika** $216M · Oct 2026](https://millionrounds.com/company/pika)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor)

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