Cargosnap receives Rotterdam Port Fund investment to accelerate international growth
Rotterdam Port Fund (RPF) has announced its investment in Cargosnap. This investment round from RPF will support the company in accelerating its international growth strategy.
How it started
Cargosnap was founded in 2017 with the aim of creating an online platform, along with a mobile app, that would provide Proof of the Condition of cargo by collecting, reporting, and sharing data. This has led to improved supply chain transparency which in turn has reduced cargo damage claims which has consequently greatly saved time and money.
Investment
This partnership comes at a pivotal point in time. The move of shippers and Logistics Service Providers to digital visual cargo inspection in the Supply Chain is an inevitable shift that is taking place. “It’s extremely exciting to be a leading product for our customers,” says Marcel Merkx, founder of Cargosnap. “There is a global trend in the acceptance and use of software technology in logistics. RPF sees a strong and strategic market opportunity to scale the Cargsnap SaaS solution.”
Investing in Cargosnap will give the company a stronger market position in North America, Europe, and Latin America. As a logistics hub, the Netherlands is an ideal location to build an international team to support global customers in reducing claims and saving time and money.
The managing director of the Rotterdam Port Fund, Bastiaan van der Knaap explains: “We have tracked Cargosnap for over a year and now, with its current customer base the team has proven itself to be an excellent market fit.”
There is a global trend in the acceptance and use of software technology in logistics. RPF sees a strong and strategic market opportunity to scale the Cargosnap SaaS solution.”
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