Myanmar logistics startup Kargo announced that it has raised USD 800,000 in a financing round on Tuesday. It was led by Singapore-based venture capital fund Cocoon Capital. Kargo is a B2B logistics mobile platform that connects truck owners and users for both short and long-haul trucking services. It plans to use the capital raised to further develop its platform and expand outside Myanmar in the next year. Additionally, Cocoon Capital managing partner Michael Blakey joins Kargo’s board of directors. Kargo was the winner of Seedstars Yangon 2017 and was backed by Seed Myanmar that targets early-stage technology companies. Prior to this round, the company obtained unsecured SME financing through Yoma Bank and also received a six-digit dollar grant from the GSMA Ecosystem Accelerator Innovation Fund.