On The Heels Of The Nearshoring Boom, Logistics Startup Nuvocargo Raises $36.5M To Modernize Us-Mexico Trade, Expands To All Major Us-Mx Border Crossings
Jun 27, 2023•over 2 years ago
Amount Raised
$36.5 Million
Description
Nuvocargo, the first all-in-one digital platform focused on modernizing U.S.-Mexico cross-border trade, announced today that it has raised $36.5M in Series B funding. The round was led by QED Investors with participation from all existing investors including NFX, Tiger Global and ALLVP, plus new investors Tresalia Capital, Amador Holdings, and the co-founders of Dropbox, Repl.it and Platzi. This new round values the company at more than $250M, more than 40 percent higher than the $180M valuation it earned in late 2021, and brings its total funding to date to more than $75M.
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech