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Cargomatic Collects $35M

socalTECH

Long Beach-based Cargomatic , which develops technology to connect shippers and carriers, said this week that it has raised $35M in a Series B funding round. Cargomatic develops a mobile marketplace, which helps connect short-haul carriers to shippers. Cargomatic is led by CEO Richard Gerstein, and was founded in 2013.

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With a $3.5 million haul, Dray Alliance joins a booming logistics startup scene in LA

TechCrunch LA

With an angle on a long-neglected part of the shipping industry — the short-haul movement of cargo from docks to logistics centers — Dray Alliance is joining a growing startup scene for logistics businesses based in Los Angeles. This is not in the best interest of anyone involved,” said Steve Wen, CEO of Dray Alliance.

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