| Founded | 2013 |
|---|---|
| Closed | 2023 |
| Country | Brazil |
| Sector | Logistics |
| Total raised | R$1.1B IPO (B3, 2021) + prior venture |
| Collapse type | Slow Death |
| Founder | Federico Vega |
CargoX
"Brazil's digital freight brokerage platform IPO'd at R$8B and crashed as truck freight volumes normalized"
Years-long decline before final shutdown
Key Events Timeline
CargoX built a digital platform matching shippers with truck drivers across Brazil, effectively digitizing a fragmented freight brokerage market.
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