SINGAPORE, April 20 /PRNewswire/
The company Transport Management Software (TMS), which is profitable for the third year in a row, receives funding from the Lufthansa Innovation Hub and Trestle Partners, demonstrating their shared commitment to supply chain innovation and digitization. The investment aims to accelerate Cargobase’s global growth.
- Cargobase, a transportation management software renowned for its ease of use and no-nonsense approach, announced today that it has successfully completed its growth financing. The latest funding round was led by Trestle Partners, followed by Lufthansa Innovation Hub, which invested in the company to accelerate Cargobase’s global growth.
- Having grown twice over the year, the company, now in profit for the third year in a row, will build on this success and invest the cash injection in expanding its international footprint, product development and customer success.
- The company has opened an office in Mexico and is in the process of expanding its presence in the United States and Europe with regional offices.
- As the company is recognized as a leader in product innovation, the investment will also go towards improving the user experience, more integration, more extensive data collection, predictive analysis and automated decision making.
- The existing management, led by CEO and founder Wiebe Helder, will continue to lead the company.
“We (Cargobase and Trestle) share the same vision to keep the world moving and the company’s CEO has a no-nonsense attitude and focus on ‘Making Ships’. Cargobase has provided logistics professionals with a well-built, comprehensive and easy-to-use enterprise SaaS solution. We look forward to working with Wiebe Helder and his team.” – Thomas Babcock, Managing Partner Trestle
Our goal is to further expand our portfolio, including corporate building, partnerships and investments. Cargobase is a great addition. The software’s value proposition in reducing complexity and increasing efficiency in global supply chains reflects our focus on digital business models and expanding our knowledge of transportation management software. Cargobase’s global network and headquarters in Singapore underline our commitment to Asia and our aim to drive globally relevant business.” – Christine Wang, Managing Director Lufthansa Innovation Hub
Winter is coming, as some say, for both the supply chain and investment industries. But as the supply chain prepares for a new season of change, we are moving forward. At Cargobase, we are proud of our technology because it enables logistics professionals to go digital at a time when logistics service providers – more than ever – rely on connected workflows to maximize efficiency and speed. Securing these investments is confirmation that we are on the right track and a sign that we can shape the future of supply chains on the cusp of digital transformation.” – Wiebe Helder, founder and CEO of Cargobase
“We will leverage this latest round of funding to accelerate technical adoption for all of our users through our Customer Success Team and expand our user network through our Business Development Team.” – Arnout Wagenaar, Cargobase Chief Strategy Officer
“We are proud to offer software that works and helps our customers save money and succeed in their daily lives as the industry continues to focus on real-time and collaborative methods. Our customers continue to recognize and reward Cargobase for innovation and delivery of a world-class TMS, and we will use part of the investment to make the lives of logistics professionals as easy and automated as possible, so they can focus on the real stuff. matter makes a difference.” – Gert Jan Spriensma, Chief Product Officer at Cargobase
Information on Cargobase
Wiebe Helder (CEO) founded Cargobase in Singapore in 2013 and set out to simplify logistics for everyone. His solution: “Logistics software that works.”
Originally designed to help logistics professionals source goods, Cargobase was quickly recognized by the industry and loved by its users. The software was recognized for its innovation and highly praised for its user interface, product features and ease of use. The platform covers the entire shipping life cycle, from sourcing and tracking and tracing to auditing, data and business intelligence.
Today, Cargobase positions itself as a full TMS (Transport Management Software) and is currently ranked 6th out of 184 TMS solutions worldwide.
Cargobase’s independent transportation management software is used in 55 countries by Fortune 500 companies in the automotive, electronics, semiconductor, fashion, oil and gas, aviation and agriculture sectors.
Information about the Lufthansa Innovation Hub
The Lufthansa Innovation Hub connects the world’s largest aviation group with key players in the global ecosystem for travel and mobility technology. In this function, the company initiates, among other things, strategic partnerships between the airlines of the Lufthansa group and relevant digital companies and develops new digital products and its own services. The focus is always on an uncompromising commitment to the needs of travelers and strong iterative validation of business model innovation, as well as close collaboration with series founders, investors and existing start-ups.
About Trestle Partners
Trestle Partners is a private equity fund that invests exclusively in high-growth, capital-efficient enterprise software (SaaS) companies. Trestle focuses on partnering with companies that provide customers with mission-critical, cost-effective products.
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