Qualcomm helps ship $60m to CargoX

Aug 28, 2018 • Thierry Heles

Qualcomm has returned to support a $60m round for CargoX, having also participated in the trucking services platform's $20m series C last year.

Brazil-based trucking services provider CargoX has received $60m in funding from investors including Qualcomm Ventures, the corporate venturing subsidiary of mobile semiconductor producer Qualcomm, Axios reported yesterday.

The round was led by private equity firm Blackstone, with participation from investment banking firm Goldman Sachs, investment manager Soros Fund Management and Oscar Salazar, co-founder of ride hailing service Uber.

Founded in 2016, CargoX has created an online logistics platform focused on the Brazilian market that matches businesses with truck drivers who…

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