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§ Private Profile · Chicago, IL, USA
Software platform for automating and optimizing temperature-sensitive shipping and cold chain logistics for food, medications, and supplies.
Coldcart is a software platform that automates, optimizes, and monitors temperature-sensitive shipping for perishable goods, including food, meal kits, and critical pharmaceuticals. The company utilizes an asset-light business model that integrates directly with established logistics providers to provide end-to-end control over cold chain operations through real-time temperature monitoring and routing optimization. By implementing this logistics technology, eCommerce and healthcare enterprises can reportedly reduce shipping costs by 15% to 50% and decrease refundable shipments by 40% to 60%. The enterprise is backed by early investors and industry veterans associated with Y Combinator, Bain & Company, Marley Spoon, and Home Chef. Following their respective successes scaling Allstate Identity Protection to $100 million in annual recurring revenue and leading Blue Apron to a $2 billion initial public offering, Coldcart was founded by Jason Park and Matt Salzberg.
Coldcart has raised $7.0M across 1 funding round.
Coldcart has raised $7.0M in total across 1 funding round.
Coldcart is a Chicago-based technology platform specializing in perishable logistics, optimizing frozen and refrigerated parcel shipping for eCommerce in food, pharmaceuticals, and industrial sectors.[1][2][5] It builds a SaaS orchestration system that automates routing, packaging, and fulfillment decisions in real-time, factoring in cost, weather, delivery times, and provider availability across a network of 15 U.S. fulfillment centers and carriers reaching 99% of the population.[2][5] Serving D2C merchants and brands facing high spoilage and costs in cold chain logistics, Coldcart reduces expenses and errors by providing performance analytics, full shipment cost visibility, and seamless cart integrations.[1][4][6] Founded in 2021, it has raised $6.5M in a convertible note stage and operates in a $76B market, showing steady growth through a deliberate paid beta with select customers.[2][3]
Coldcart emerged from founders' direct experiences in high-stakes perishable shipping at scale. CEO Jason Park (ex-Bain, ex-McMaster-Carr, scaled Allstate Identity Protection to $100M ARR) and co-founder Matt Salzberg (founder/former CEO of Blue Apron, which hit $910M revenue and $2B IPO) identified systemic flaws in manual, fragile cold chain processes during a conversation about Blue Apron's logistics challenges.[1][2][3] Their team, including CTO Joe Rohde (built supply chain platforms for 4PL clients), had collectively shipped billions in temperature-sensitive goods, led pharmacy ops for massive prescription volumes, and pioneered DTC fulfillment models.[1][2]
Launched in 2021 from Chicago, Coldcart started conservatively: a year-long paid beta with 3-4 customers to build trust in a zero-error sector, refining the platform on live shipments before broader scaling.[3]
Coldcart rides the explosion in perishable eCommerce—fueled by DTC food subscriptions, telehealth pharma delivery, and just-in-time industrial supply chains—tackling a $76B problem of inefficiency and spoilage in a market where traditional logistics fail at scale.[3][5] Timing aligns with millennial family demographics boosting meal kits, food desert access needs, and inelastic pharma/industrial demands amid labor shortages and climate volatility.[3] Favorable forces include rising cold chain tech adoption post-pandemic and network effects from its pre-integrated provider ecosystem, enabling double-digit cost cuts that unlock underserved segments like affordable premium food delivery.[3][5] It influences the ecosystem by setting standards for perishable orchestration, much like Blue Apron's fulfillment innovations did for general eCommerce, potentially accelerating adoption in high-margin verticals.[1][3]
Coldcart's network-scale platform positions it to dominate perishable logistics as energy transitions and urban food insecurity amplify demand for efficient cold chains. Next steps likely include expanding fulfillment nodes, deepening AI for predictive routing, and penetrating pharma/industrials beyond food—unlocking new markets via cost reductions that make premium perishables viable for mass adoption.[3] Trends like automation in 3PL, climate-resilient shipping, and D2C personalization will propel growth, evolving its role from optimizer to indispensable infrastructure for a fragmented $76B space. This team of proven scalers, born from real-world pain, is primed to redefine efficiency where others falter.[1][2][3]
Coldcart has raised $7.0M in total across 1 funding round.
Coldcart's investors include Collide Capital, Lightship Capital, Pioneer Fund, proChain Ventures, Rackhouse Venture Capital.
Coldcart has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in June 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2024 | $7M Seed | Collide Capital | Lightship Capital, Pioneer Fund, Prochain Ventures, Rackhouse Venture Capital | Announced |