Osborne Clarke has advised the Berlin-based airfreight startup cargo.one in a Series B financing round of over USD 42 million with the lead investor Bessemer Ventures Partner. Other investors were Index Ventures, Point Nine Capital, Creandum and Next47.
The Osborne Clarke team led by Robin Eyben (Corporate / Venture Capital) consisted of Maximilian Vocke and Dana Alpar (both Corporate / Venture Capital).
cargo.one is relying on the trend that airlines, which are affected by the sharp collapse in passenger traffic in the corona crisis, are increasingly dependent on revenue from cargo traffic. In addition to the growth potential, the start-up also sees a need for digitization processes in order to reduce transaction costs and use freight capacities more efficiently.
The platform offers real-time bookings of the available air freight resources across airlines and routes, with the aim of replacing the time-consuming processing of telephone and e-mail traffic for users (freight forwarding offices). 15 airlines are currently using the cargo.one platform to distribute their capacities, including Lufthansa, All Nippon Airways, Finnair, Etihad, AirBridgeCargo and TAP Air Portugal. cargo.one was founded in 2017 by Moritz Claussen, Oliver T. Neumann and Mike Rötgers.
About Osborne Clarke
Osborne Clarke is an international legal practice with over 1,800 employees at 26 locations worldwide, including 150 lawyers in Berlin, Hamburg, Cologne and Munich. With the claim “Helping you succeed in tomorrow’s world”, extensive industry knowledge through networking and outstanding expertise in the digital transformation of business models, Osborne Clarke advises and represents companies and entrepreneurs in all practical business law issues.