COMPANY INFO
Nuvocargo Inc., founded in 2018 by Deepak Chhugani with Sam Blackman joining as co-founder in 2019, is a Transportation/Trucking/Railroad company headquartered in New York, NY, with approximately 89 to 112 employees. The company provides an AI-powered digital platform that simplifies and optimizes cross-border freight forwarding, customs brokerage, cargo insurance, and managed transportation between the US and Mexico, enabling global brands to unlock efficiency and profitability in North American supply chains. Their official website is https://www.nuvocargo.com.
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Nuvocargo Inc. is a logistics technology company founded in 2018 by Deepak Chhugani, later joined by Sam Blackman as co-founder in 2019. Specializing in Transportation, Trucking, and Railroad solutions, Nuvocargo Inc. delivers an AI-powered digital platform that streamlines and optimizes cross-border freight forwarding, customs brokerage, cargo insurance, and managed transportation between the US and Mexico. Headquartered in New York, NY, with regional and operations offices in Mexico City and Laredo, TX, the company empowers global brands to maximize efficiency and profitability across North American supply chains.
Nuvocargo Inc. funding history reflects a robust growth trajectory in the logistics and transportation industry. With a total of $74.4 million raised across five funding rounds—spanning seed to early-stage venture capital—Nuvocargo Inc. has attracted significant investor confidence. The company's funding strategy has prioritized product development, geographic and market expansion, operational scale, and technological innovation. Key funding milestones include major early-stage rounds and multiple investments from top-tier venture capital firms. Notably, Nuvocargo Inc. investors such as QED Investors, NFX, Tiger Global Management, and Y Combinator highlight the company's status as a high-potential disruptor in cross-border supply chain solutions.
This funding round was led by QED Investors and NFX. The Series B capital was dedicated to market expansion and propelling Nuvocargo Inc.'s further growth in US-Mexico cross-border logistics, reinforcing the company’s leadership position and accelerating adoption of its digital freight platform.
Led by Tiger Global Management and QED Investors at a $180 million valuation, this round supported accelerated investments in digital product development, strategic hiring, and growth initiatives. The capital enabled scaling of logistics operations and broader market penetration.
Led by QED Investors and David Velez, this initial Series A round was aimed at fueling product development and scaling Nuvocargo Inc.'s platform to handle increased demand and complexity across North American trade corridors.
NFX and One Way Ventures led this round, providing early-stage support for gaining operational traction, expanding key market segments, and enhancing technology infrastructure.
Y Combinator provided seed funding to Nuvocargo Inc. for its initial launch and early-stage product development, laying the foundation for the company's venture-backed growth journey.
QED Investors is a premier venture capital firm with deep expertise in fintech and logistics startups. As a lead investor in several funding rounds for Nuvocargo Inc., including the Series B and Series A rounds, QED Investors has been instrumental in guiding the company’s growth, providing strategic capital, and supporting expansion into new markets.
NFX is a seed and early-stage venture capital fund that invests in network-driven businesses. NFX co-led Nuvocargo Inc.'s Series B and seed rounds, helping to catalyze the company's growth, product innovation, and operational scaling.
Tiger Global Management is a global investment firm known for backing leading technology ventures. As the lead investor in the December 2021 Series A round, Tiger Global brought considerable financial strength and validation to Nuvocargo Inc., supporting efforts to accelerate development and expansion.
FJ Labs is a venture capital firm focused on marketplace and logistics startups. FJ Labs has provided Nuvocargo Inc. with access to a broad network and logistics-specific expertise, supporting strategic partnerships and go-to-market initiatives.
One Way Ventures specializes in early-stage funding for immigrant founders and high-growth potential technology businesses. As a seed round leader, One Way Ventures provided foundational support and mentorship for Nuvocargo Inc.'s early scaling efforts.
Y Combinator is a globally recognized accelerator known for propelling high-growth startups. Through its seed investment, Y Combinator played a pivotal role in Nuvocargo Inc.’s formation, helping the company establish its technology and go-to-market vision.
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"totalRaised": "Nuvocargo has raised a total of $74.4M over 5 funding rounds, consisting of 2 Seed rounds and 3 Early-Stage rounds. The latest funding round was a Series B round on June 27, 2023, raising $36.5M led by QED Investors. The Series A rounds include a $20.5M round on December 10, 2021, led by Tiger Global Management, and a $12M round on April 7, 2021, led by QED Investors. The Seed rounds include a $5.3M round on April 24, 2020, led by NFX and One Way Ventures, and a $120K round in 2018 led by Y Combinator. The funds have been used for product development, market expansion, and scaling operations across US-Mexico trade logistics."
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