GLNS advises Bessemer on EUR 35m Series B financing of cargo.one

cargo.one, a Berlin-based digital booking platform for air cargo, has raised a Series B financing round with a volume of EUR 35 million.

Bessemer Venture Partners acted as lead investor, and was joined by existing shareholders Index Ventures, Creandum, Point Nine and Next47.

Founded in 2017, cargo.one is building the global operating system for air cargo. Today, the company’s digital platform processes annualized volumes in Europe of more than 110,000 shipments and 45,000 tonnes with 15 airline partners including Lufthansa Cargo, Finnair Cargo, Etihad Cargo and All Nippon Airways Cargo.

Bessemer Venture Partners is the world's most experienced early-stage venture capital firm. With a portfolio of more than 200 companies, Bessemer helps visionary entrepreneurs lay strong foundations to create companies that matter, and supports them through every stage of their growth. The firm has backed more than 120 IPOs, including Shopify, Yelp, LinkedIn, Skype, LifeLock, Twilio, SendGrid, DocuSign, Fiverr, Wix, and MindBody. Bessemer's 16 investing partners operate from offices in Silicon Valley, San Francisco, New York City, Boston, Israel, and India.

GLNS advised Bessemer Venture Partners with a team consisting of Dr. Daniel Gubitz and Ferdinand Graf von Spreti (both Corporate/Venture Capital). cargo.one was represented by a team from Osborne Clarke around Robin Eyben.

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