10/08/2023

LitCapital, an independent growth capital fund dedicated to investing in high-growth companies in the Baltic region, has completed an investment into the supply chain logistics management platform, Cargo Stream.

Founded in 2019, Cargo Stream’s modular cloud-based workspace integrates supply chain processes to enhance control, resource efficiency, and communication from freight sourcing to transport execution and auditing. It offers shippers a streamlined tendering process, facilitates triangulation for maritime, and provides forwarders with an integrated direct booking interface. The investment will accelerate Cargo Stream’s growth by supporting its global expansion through further product development and customer acquisition, as the platform has already shown its ability to attract the interest of major international supply chain market participants.

“We are excited to partner up with LitCapital, an established institutional investor, for our next phase of growth. This investment represents a significant milestone for Cargo Stream as it will further broaden our geographical reach: accelerate growth into Poland and bolster operations in the United Kingdom,” said Šarūnas Belickas, COO of Cargo Stream.

Šarūnas Šiugžda, Founder and Managing Partner at LitCapital, commented: “Cargo Stream exemplifies all the qualities we look for in an investment, including entrepreneurial spirit, robust product quality, speed of multinational customer adoption and a competitive position in a fast-growing market. Cargo Stream has identified a unique opportunity in the logistics market, effectively developing and launching an innovative and technologically sophisticated supply chain management platform. The demand for efficient and digitized logistics management is continuously growing and its significance will only increase in the future. We are extremely happy to be able to work with the team of Cargo Stream.”