cargo.one Completes Successful Seed Financing to Add More Airlines to its Booking Platform

Berlin, December 5, 2018 – Berlin-based company cargo.one (www.cargo.one) successfully raises seed financing: Less than a year after its inception, the company, founded by experienced entrepreneurs Moritz Claussen, Oliver T. Neumann and Mike Rötgers, raised more than three million dollars in a round led by Creandum and Point Nine Capital with the participation of Lufthansa Cargo. The round allows the company to further develop its technology for the digital distribution and booking of air freight and to optimally meet the high demand of more airlines and forwarders. 

"The investment in our technology is a game-changing signal to our customers that cargo.one is a strong partner to jointly drive the digitalization of airfreight. With Creandum and Point Nine, two internationally prominent investors are believing in our innovative distribution technology. With Lufthansa Cargo, one of our first customers, we are also proving that even a prime industry player is convinced of the pertinence to build an industry-wide transactional platform. This is an ideal combination," says Moritz Claussen, co-founder of cargo.one.

Co-founder Oliver T. Neumann adds: "With this investment, we can take another big step towards making the cross-airline distribution and booking of air freight accessible to all airlines and forwarders. The goal: A digital booking infrastructure to make airfreight bookable in real time, independent of the provider. We will be adding a number of international airlines across several continents as partners within the next couple of months, and are on track to gain a majority of freight forwarders in Europe to join the cargo.one platform as customers.”  

"The market for air freight booking has huge potential for optimized and faster processes. We believe that any industry can be fundamentally changed by the right entrepreneurs, and cargo.one, with its state-of-the-art technology and an experienced and knowledgeable founding team, promises to become the leading technology provider in this market. We're proud to back cargo.one," says Simon Schmincke, Partner at Creandum.

"In less than a year, the cargo.one founding team has managed to gather an impressive number of partners for their booking platform. Over the past years, we’ve backed multiple companies building industry-wide booking platforms and several logistic companies. We are convinced that in cargo.one, we’ve found the right team to fundamentally change the air freight market, which is ready for change. Booking air freight will be faster and more transparent," says Pawel Chudzinski, Managing Partner of Point Nine Capital.

"cargo.one is another important step in the digitalization of our industry. We are delighted to be one of the first airlines to recognize the potential of this multi-airline platform for our customers and to have made ourselves compatible. We are excited about the technology and the easy-to-use product. By working with start-ups and making financial investments such as in cargo.one, we are also driving the digitalization of our industry," said Peter Gerber, CEO of Lufthansa Cargo.