Nuvocargo Raises $5.3M Seed Round To Modernize Door-to-Door Freight Transportation Between U.S./MX

via Globe News Wire

April 23, 2020

Until 2020, the freight forwarding industry had seen little to no innovation or changes to how goods were moved from one point to another. Enter Nuvocargo, the digital freight forwarder to leverages technology to make this processes much more efficient.

Nuvocargo’s proprietary software helps shippers coordinate door-to-door transportation between U.S./Mexico including procuring trucks on both sides of the border, customs clearance, insurance, trade finance, reporting and more. Nuvocargo’s goal is to become every shipper’s “one-stop shop” for all things related to U.S./Mexico cross-border trade, and eventually for U.S./Latin America.

Deepak Chhugani, founder of Nuvocargo.

After less than 1 year of operation, Nuvocargo locked a US $5.3M Seed round with top tier venture capital funds from Latam and the US. ALLVP and NFX co-led the round, with participation from One Way Ventures, Maya Capital, Magma PArtners and key angel investors.

Read the full story here.