Burleigh firm’s US launch

BURLEIGH logistics software company Cartoncloud is launching into North America after receiving a $12m capital boost, which will also mean more local jobs.

MA Financial has chipped in the cash to fund an expansion into the North American logistics market and further develop Cartoncloud’s transport and warehouse management system.

Cartoncloud’s technology allows warehouse, transport and third-party logistics businesses to compete with major players in the industry with its affordable software as a service

The homegrown business, which has more than 350 mostly-australian customers, has received significant inbound interest from prospective offshore customers over the last 18 months.

Cartoncloud CEO and founder Vincent Fletcher (pictured) said the MA Financial investment represented a significant milestone.

“We now have the ability to significantly increase our headcount, fast-track development to roll out new features and expand to North America,” Mr Fletcher said.

“Entering the massive US logistics industry and building a team there opens up extraordinary opportunities for Cartoncloud.”

Since the 2017 raise, CartonCloud has experienced consistent year-on-year growth of 45 per cent while the number of clients has jumped from 60 to more than 350. In 2021, Cartoncloud clients used the platform to invoice more than $1bn worth of freight.