CartonCloud, a Burleigh Heads, QLD-based Gold Coast logistics technology business, raised $12 million from MA Financial to fund its overseas aspirations.

MA Financial’s investment was via its Growth Capital Fund which targets growth-stage companies with at least $5 million in annual revenue and potential to scale up in the next three to five years.

It planned to put the money towards product development and expansion to the USA and Canada.

Company: CartonCloud

Raised: $12.0M

Round: Growth Capital Fund

Funding Month: January 2022

Lead Investors: MA Financial

Additional Investors: 

Company Website: https://www.cartoncloud.com/

Software Category: Transport and warehouse management SaaS applications

About the Company: CartonCloud is an easy-to-use transport and warehouse management SaaS application. CartonCloud sells transport and warehouse management system solutions to third-party logistics (3PL) providers and e-commerce platforms in small-to-medium enterprises. CartonCloud's mission is to transform the logistics industry through end-to-end simplicity and to provide our clients with a better quality of life by identifying and solving pain points within their organizational processes. CartonCloud has 350 active customers mostly in Australia and New Zealand.

Source: https://www.afr.com/street-talk/ma-financial-tips-12m-in-queensland-logistics-tech-biz-cartoncloud-20220131-p59sh9