Today, I am excited to announce Nuvocargo's $5.3m seed round co-led by Silicon Valley venture fund NFX and Mexico venture fund ALLVP, with participation from Y Combinator, One Way Ventures, MAYA Capital, Magma Partners, the co-founders of Rappi, the ex-CMO of Cabify, and several more angels.
It feels odd to share good news amidst one of the world's most unprecedented crises, but we hope this announcement adds a small dose of hope and optimism in these strange times.
We feel incredibly fortunate to enter this unpredictable era of COVID-19 with a strong cash position; this will allow us to invest in our customers, our carriers, create more jobs, and continue to bring together the best talent across Silicon Valley, the logistics industry, the United States and Latin America.
We are excited because this group of investors deeply represent Nuvocargo's diverse DNA:
At Nuvocargo, we believe global trade is undergoing a transformational shift from analog to digital. That shift is only going to happen once in history, and we are excited to do our part in helping drive that transition across the Americas.
This investment round brings us one step closer to realizing that vision. We are excited to welcome this amazing group of investors to our adventure.
Deepak J. Chhugani
Founder & CEO - Nuvocargo