Cargo raises $5.5 mln of seed financing

Cargo said it raised $5.5 million of seed financing from CRCM Ventures, Kellogg’s venture capital fund eighteen94 capital, Techstars Ventures, Fontinalis Partners, Detroit Venture Partners, Rosecliff Ventures, RiverPark Ventures and Chaifetz Group.

The company has now raised $7.3 million.

Cargo is developing a hardware- and software-based in-car commerce platform that lets drivers sell snacks, electronics, beauty items and personal-care items to their passengers.