Cargo Chief Inc., a Mountain View, Calif.-based provider of freight brokerage services to shippers, raised approx. $10m in equity funding.
According to a regulatory filing with the S.E.C., 62 unnamed investors participated in the offering.
Led by Russell Jones, President, Cargo Chief uses patent pending technology to connect shippers with carrier network and deliver logistics services. The service provides access to over 500,000 trucks and the opportunity to locate shipment on interactive map 24/7. The company manually verifies carriers’ authority, safety and insurance before each shipment and offers multi-lingual support at any point during the shipping process.