# CargoX funding: rounds and investors

> CargoX has raised $290M across 4 rounds since 2016. Investors include Goldman Sachs, Blackstone Group and Tengxun Touzi. Every round with its source.

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

Brazil · [Series F startup](https://millionrounds.com/companies)

# Who invested in *CargoX*

4 rounds we have observed, with the 11 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.

Logistics

Valuation: $1.0B, Mar 2026

Funding summary Updated 26 Oct 2026

**$290M** raised across 4 rounds since 2016, from 4 sources

**$10M** Series B **$20M** Series C **$60M** Round **$200M** Series F

- **Latest round:** Series F, $200M Nov 2021
- **Step-up i:** 3.3×
- **Investors:** 11 (1 led)

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.

2017 2018 2019 2020 2021

**$10M** Series B

**$20M** Series C

**$60M** Round

**$200M** Series F

- **First round:** Series B, $10M
- **Biggest round:** $200M
- **Usual gap between rounds:** 16 months

## The rounds

- **Nov 2021** Series F **$200M** *4 new* *2 returning* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [Qualcomm Ventures](https://millionrounds.com/fund/qualcomm-ventures) [Valor Capital Group](https://millionrounds.com/fund/valor-capital) [Blackstone Group](https://millionrounds.com/fund/blackstone-group) [Lightrock](https://millionrounds.com/fund/lightrock) Source recorded
- **Aug 2018** Round **$60M** *1 new* [Blackstone Group](https://millionrounds.com/fund/blackstone-group) Reported by Axios
- **Nov 2017** Series C **$20M** *5 new* [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) [Qualcomm](https://millionrounds.com/fund/qualcomm) [Oscar Salazar](https://millionrounds.com/fund/oscar-salazar) Agility Logistics Goldman Sachs/ Soros Reported by FinSMEs
- **Jul 2016** Series B **$10M** *1 new* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) Lead Reported by TechCrunch

## 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.

**Series B** 2016 **Series C** 2017 **Round** 2018 **Series F** 2021 [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) L [Blackstone Group](https://millionrounds.com/fund/blackstone-group) [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) [Qualcomm Ventures](https://millionrounds.com/fund/qualcomm-ventures) [Qualcomm](https://millionrounds.com/fund/qualcomm) [Valor Capital Group](https://millionrounds.com/fund/valor-capital) [Lightrock](https://millionrounds.com/fund/lightrock) [Oscar Salazar](https://millionrounds.com/fund/oscar-salazar) Agility Logistics

## Everyone who backed them

[Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) Private equity **2** rounds, led 1

[Blackstone Group](https://millionrounds.com/fund/blackstone-group) Private equity **2** rounds

[Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) VC firm **1** round

[Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) VC firm **1** round

[Qualcomm Ventures](https://millionrounds.com/fund/qualcomm-ventures) Corporate VC **1** round

[Qualcomm](https://millionrounds.com/fund/qualcomm) Corporate VC **1** round

[Valor Capital Group](https://millionrounds.com/fund/valor-capital) VC firm **1** round

[Lightrock](https://millionrounds.com/fund/lightrock) VC firm **1** round

[Oscar Salazar](https://millionrounds.com/fund/oscar-salazar) Angel **1** round

Agility Logistics no record of our own yet **1** round

Goldman Sachs/ Soros no record of our own yet **1** round

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

## Quick answers about CargoX

### Who invested in CargoX?

CargoX's investors include Goldman Sachs, Blackstone Group, Tengxun Touzi, Valor Equity Partners and Qualcomm Ventures, and 6 more on record.

### How much has CargoX raised?

CargoX has raised $290M across 4 rounds since 2016.

### When did CargoX last raise?

CargoX's most recent round was a Series F of $200M in Nov 2021.

### What was CargoX's biggest round?

Its most recent round, $200M in Nov 2021, is also its largest on record.

### Who backed CargoX first?

CargoX's first round on record, in Jul 2016, was backed by Goldman Sachs.

### What stage is CargoX at?

CargoX's latest named round is a Series F, in Nov 2021.

### Where is CargoX based?

CargoX is based in Brazil.

### Who led CargoX's rounds?

Goldman Sachs led the Series B in 2016.

## Companies like CargoX

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

[**Einship** $1.0M · Aug 2026](https://millionrounds.com/company/einship)[**Vixtra** $39M · Jun 2026](https://millionrounds.com/company/vixtra)[**Daki** $5.1M · May 2026](https://millionrounds.com/company/daki)[**Frete.com** $28M · Jan 2026](https://millionrounds.com/company/frete-com)[**SWAP** $165M · Jan 2026](https://millionrounds.com/company/swap)[**Rhino** $35M · Oct 2025](https://millionrounds.com/company/rhino)

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