HomeFundingPortuguese startup MUB cargo secures €300K to help connect more people who...

Portuguese startup MUB cargo secures €300K to help connect more people who need to transport goods with carriers

MUB cargo, a platform that connects people who need to transport cargo with shippers willing to transport those items, just closed a €300K seed investment round led by BrainCapital. The purpose of this round is to consolidate MUB cargo’s positioning in Portugal and to start the process of internationalization.

The Braga-based startup, which started operating in November of 2016 only with the iOS version of its platform, already has more than 300 Portuguese transporters and exceeded 3000 downloads. This means that MUB cargo’s customers are able to request quotes from more than 300 transporters and thus have access to the best market conditions at any given time. For transporters, this solution allows the increase of sales and efficiency in the management of their routes.

MUB cargo’s platform has been completely redesigned and, in addition to operating in various environments – web, Android and iOS -, it will provide a better user experience and the possibility of international transport. The launch of new languages ​​- English, French and Spanish – and the establishment of international partnerships will soon allow the launch of MUB cargo in new markets. To use the app, you can simply go to mubcargo.com or install the mobile app through the App Store of your Android or iOS device.

Carlos Palhares, the CEO of MUB cargo stated: “We are very pleased that BrainCapital leads this seed round and we count on their support for this new phase, which that will require a great concentration on the execution To ensure the platform’s international success.”

Regarding MUB’s investment, João Brazão, CEO of BrainCapital, commented: “There were several reasons that led the company to make this investment, namely the quality of the team of promoters combined with the ease with which it was possible to reach an understanding, the undeniable value proposition of the company both for carriers and for those who need transport and the complementarity of skills with BrainCapital’s partners, namely in Information and Communication Technologies”

Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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