Vilnius-based Cargo Stream, a logtech startup, announced that it has secured €1M in a funding round led by private equity firm LitCapital.
LitCapital is an independent growth capital fund dedicated to investing in high-growth companies in the Baltic region.
The Lithuanian startup says the funding will enable it to accelerate expansion plans, enabling the company to start operations in the Polish market while strengthening it in the United Kingdom.
Founded by Sarunas Belickas in 2019, Cargo Stream is a cloud-based platform allowing all supply chain participants to manage the logistics processes in a single online workspace.
The company streamlines the entire logistics process, offering end-to-end control tower visibility, improved operational efficiency, and cost optimization for freight forwarders and shippers.
Cargo Stream is on a mission to improve customer efficiency through digital transformation while creating value solutions and enabling better control of the supply chain.
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