Nuvocargo

New York, United States Founded: 2018 • Age: 8 yrs
Tech-enabled freight forwarding service provider
Annual revenue - Latest available
Total funding $75.6M 7 rounds
Employees - Tracked headcount
Investors 23 Known backers
Products 4 Services tracked
Competitors 7 Brand Intelligence

About Nuvocargo

Nuvocargo is a company based in New York (United States) founded in 2018 by Sam Blackman and Deepak Chhugani. Nuvocargo has raised $75.62 million across 7 funding rounds from investors including Flexport, FJ Labs and QED Investors. Nuvocargo has completed 1 acquisition, including Mentum. Nuvocargo offers products and services including Managed Transportation, Freight Brokerage, Customs Services, and Technology Platform. Nuvocargo operates in a competitive market with competitors including ModivCare, Knight Transportation, ODW Logistics, M&M Transport and Sunset Pacific Transportation, among others.

  • Headquarter New York, United States
  • Founders Sam Blackman, Deepak Chhugani
  • Stage Minicorn
  • Sectors
    Transportation, Automotive & Logistics
  • Phone
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  • Website
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  • Social
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  • Legal Name Nuvocargo Inc.
Operational Areas
Transportation, Automotive & Logistics → Supply Chain, Freight & Logistics Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $75.62 M (USD)

    in 7 rounds

  • Latest Funding Round
    $36.5 M (USD), Series B

    Jun 27, 2023

  • Investors
    Flexport

    & 22 more

  • Employee Count
    Not available
  • Investments & Acquisitions
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Products & Services of Nuvocargo

Nuvocargo offers a comprehensive portfolio of products and services, including Managed Transportation, Freight Brokerage, Customs Services, and Technology Platform.

Product name locked
Category locked
Primary

AI-driven solution to reduce freight spend and boost supply chain efficiency.

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Expert solutions for US-Mexico shipping with enhanced visibility and compliance.

Product name locked
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Streamlined border clearance to minimize delays and improve trade efficiency.

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AI-powered TMS for managing North American freight operations.

People of Nuvocargo

Headcount 50-200
Employee Profiles 34
Employee Profiles
People
Paula Rabade
Strategy & Business Operations
People
María Fernanda Flores Ortiz
Treasury & Operations
People
Nare G.
Jr Customer Operations Reps
People
Germán Valle I.
Business Development Manager

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Funding Insights of Nuvocargo

Nuvocargo has successfully raised a total of $75.62M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $36.5 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Nuvocargo

Nuvocargo has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Flexport, FJ Labs and QED Investors.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Venture capital fund investing in early-stage start-ups
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Venture capital firm offering funding and tools for startups in technology and investment sectors.
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Venture and private equity investments are managed with global diversification.
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Investor details for Nuvocargo

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
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  • Participation history

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Investments & Acquisitions by Nuvocargo

Nuvocargo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Mentum.

Investments
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Investment portfolio details for Nuvocargo

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  • Transaction dates
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Acquisitions
Company Name Description Domain Location Founded Year Amount
Integrated API solutions for capital markets are provided.
Locked Locked 2021 Locked
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Complete acquisition details for Nuvocargo

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Financial Statements - Nuvocargo

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Detailed financials for Nuvocargo

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Nuvocargo Comparisons

Nuvocargo Primary company
Description
Tech-enabled freight forwarding service provider
Location
New York, United States
Founded Year
2018
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Nuvocargo

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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Competitors of Nuvocargo

Nuvocargo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ModivCare, Knight Transportation, ODW Logistics, M&M Transport and Sunset Pacific Transportation, among others.

Company Name Domain Founded year HQ Location Description
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Logistics and transportation services are provided by ModivCare.
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Multiple truckload transportation services are delivered through internet-first methods.
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Freight forwarding and truck transportation services are provided online.
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Road freight forwarding services are delivered via internet-first model.
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Truckload freight forwarding services are delivered via internet platform.
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Detailed competitors of Nuvocargo

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  • Domains and locations
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Latest news on Nuvocargo

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Complete news archive for Nuvocargo

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Nuvocargo

Nuvocargo was founded in 2018.

Nuvocargo is headquartered in New York, United States. It is registered at New York, New York, United States.

Deepak Chhugani is the current CEO of Nuvocargo. They have also founded this company.

Nuvocargo is a funded company, having raised a total of $75.62M across 7 funding rounds to date.

Nuvocargo was founded in 2018 and is headquartered in New York, United States. Operations are centered in the logistics sector, where tech-enabled freight forwarding and customs brokerage services are provided, with a primary focus on cross-border transportation. An online platform is utilized by users to submit logistics requirements, obtain and book quotes, and manage and track services in real time.

Nuvocargo's top competitors include ModivCare, ODW Logistics and Knight Transportation.

Nuvocargo offers Managed Transportation, Freight Brokerage, Customs Services, and Technology Platform.

Nuvocargo has made 1 acquisition, including Mentum.

Nuvocargo has 23 investors. Key investors include Flexport, FJ Labs, QED Investors, NFX, and Tiger Global.

The valuation of Nuvocargo is $180M as of Dec 2021.

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