Cargosnap

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Cargosnap - overview

Established

2016

Location

Utrecht, -, Netherlands

Primary Industry

Software

About

Cargosnap develops cargo inspection software aimed at improving operational efficiency and minimizing risks in logistics by digitizing inspection processes through innovative mobile applications. Cargosnap, founded in 2016 in Utrecht, Netherlands, specializes in cargo inspection software solutions. The company has executed one deal as of October 28, 2020. The founder's previous entrepreneurial activities are not detailed.


Cargosnap has maintained a consistent business strategy since its inception, focusing on enhancing logistics management. Cargosnap specializes in cargo inspection software designed to enhance operational efficiency and reduce risks in logistics management. The core offering includes a mobile application that enables frontline teams to execute and document inspection processes with visual evidence, effectively digitizing workflows that were traditionally paper-based. By allowing seamless integration across departments, Cargosnap's platform empowers users to manage tasks from discovery to resolution, turning warehouses into sources of valuable insights.


The software is tailored for industries such as shipping, refrigerated transport, and manufacturing, serving a diverse client base that includes major players like Cargill and Suzano. Cargosnap operates in multiple geographical markets, including North America and Latin America, providing solutions that support digital transformation in supply chain operations. Revenue generation for Cargosnap primarily occurs through subscription-based models, enabling clients to access the software and its various functionalities. These transactions typically involve annual or monthly fees for the use of their cargo inspection application, which includes features such as workflow creation, reporting, and issue management.


The pricing structure is designed to accommodate different tiers of service, allowing clients to select plans based on the extent of functionalities and integrations required. This revenue model positions Cargosnap to serve a broad range of business clients, facilitating direct business relationships rather than retail distribution. The company's ability to streamline operations and reduce damages through its software offering further enhances its value proposition in the market. In October 2020, Rotterdam Port Fund invested in Cargosnap, with financial terms not disclosed.


This investment will support the company's international growth initiatives. Cargosnap plans to expand its presence in new geographic regions, specifically targeting markets in Europe and Asia by 2023. The company is also developing new product features aimed at enhancing the user experience and increasing functionality, with anticipated releases planned for early 2024.


Current Investors

Rotterdam Port Fund

Primary Industry

Software

Sub Industries

Logistics Software, Application Integration Software, Analytics & Performance Software

Website

www.cargosnap.com/

Verticals

Cloud Computing, Mobile Apps

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Cargosnap - financials

Fiscal Year EndedDec 31, 2017Dec 31, 2018Dec 31, 2019
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Cargosnap - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedCargosnap-

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