Wall Street Journal
December 13, 2021
VC Daily: Tiger Global Backs Logistics Startup in Latest Vote of Confidence in Sector
VC Daily: Tiger Global Backs Logistics Startup in Latest Vote of Confidence in Sector
On Friday, Nuvocargo Inc., said it raised $20.5 million in a financing led by Tiger Global Management. The deal values the New York City-based startup at $180 million, which is more than double the valuation the startup received with its Series A in April 2021.
Techcrunch
December 10, 2021
Nuvocargo raises $20.5M at a $180M valuation to bolster trade between the US and Mexico
Nuvocargo raises $20.5M at a $180M valuation to bolster trade between the US and Mexico
Nuvocargo, a logistics startup out to help simplify the challenges of cross-border trade, has raised $20.5 million in a round led by Tiger Global Management.
Mexico Business News
November 3, 2021
New Tax Regulations and Why Digitalization Is No Longer Optional
New Tax Regulations and Why Digitalization Is No Longer Optional
A lot has been written about the impact of COVID-19 on digitalization in the region. Studies point to a jump in digitalization of three years in just a few months. That coupled with long-lasting changes in consumer preferences and behavior stemming from an increasing need to stay connected, but socially distant, both represented a tremendous opportunity to bring new ways of doing business to the fore.
Forbes
September 3, 2021
Trends And Opportunities In Latin American Startups
Trends And Opportunities In Latin American Startups
According to CB Insights’ most recent State Of Venture Report (registration required), investment in the first half of 2021 for Latin America was $9.3 billion, a staggering 830% increase versus just 10 years ago.
TechCrunch
April 7, 2021
Nuvocargo raises $12M to digitize the freight logistics industry
Nuvocargo raises $12M to digitize the freight logistics industry
Nearly one year after announcing it had raised a $5.3 million seed round, Nuvocargo has closed on a $12 million Series A funding led by QED Investors, and with injections from David Velez, Michael Ronen, Raymond Tonsing, FJ Labs and Clocktower.
SupplyChainQuarterly
January 18, 2022
Former Uber Exec Joins Fast-Growing Logistics Startup Nuvocargo As Head of People
Former Uber Exec Joins Fast-Growing Logistics Startup Nuvocargo As Head of People
Nuvocargo, the only all-in-one digital platform for US/Mexico trade, announced today that Lauren Burdick has joined the company as Head of People. In this new role at Nuvocargo, Burdick will leverage her 10+ years experience leading operational teams and projects in the US and in Mexico to manage the company’s employee experience and ensure that it is closely aligned with its vision, mission and values.
CityBiz
January 18, 2022
Lauren Burdick Joins Nuvocargo As Head of People
Lauren Burdick Joins Nuvocargo As Head of People
Nuvocargo, the only all-in-one digital platform for US/Mexico trade, announced today that Lauren Burdick has joined the company as Head of People.
Alleywatch
December 28, 2021
Nuvocargo Raises Another $20.5M for its Digital Trade Platform That Modernizes All Aspects of the Logistics Industry
Nuvocargo Raises Another $20.5M for its Digital Trade Platform That Modernizes All Aspects of the Logistics Industry
AlleyWatch caught up with Nuvocargo Cofounder and CEO Deepak Chhugani to learn more about how his pain point working in his family business led to Nuvocargo, the company’s strategic expansion plans both in Mexico and the US, product roadmap, and latest funding round, which brings the total funding raised to $37.8M.
Latamlist
December 17, 2021
Logistics platform Nuvocargo raises $20.5M to bolster US-Mexico trade
Logistics platform Nuvocargo raises $20.5M to bolster US-Mexico trade
Nuvocargo, a logistics platform for US-Mexico trade, has raised $20.5 million, led by Tiger Global Management. This raises Nuvocargo’s valuation to $180 million, almost tripling the $70 million it was valued at when it raised $12 million in April.

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