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
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Nuvocargo Inc.
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-driven solution to reduce freight spend and boost supply chain efficiency.
Expert solutions for US-Mexico shipping with enhanced visibility and compliance.
Streamlined border clearance to minimize delays and improve trade efficiency.
AI-powered TMS for managing North American freight operations.
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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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $36.5M
- First Round First Round
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series B - Nuvocargo | Valuation | QED Investors | |
| Dec, 2021 | Amount | Series A - Nuvocargo | Valuation | Tiger Global Management | |
| Apr, 2021 | Amount | Series A - Nuvocargo | Valuation | QED Investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund investing in early-stage start-ups
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Founded Year | Domain | Location | |
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Venture capital firm offering funding and tools for startups in technology and investment sectors.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nuvocargo
Nuvocargo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Mentum. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Integrated API solutions for capital markets are provided.
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nuvocargo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nuvocargo Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Logistics and transportation services are provided by ModivCare.
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| domain | founded_year | HQ Location |
Multiple truckload transportation services are delivered through internet-first methods.
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| domain | founded_year | HQ Location |
Freight forwarding and truck transportation services are provided online.
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| domain | founded_year | HQ Location |
Road freight forwarding services are delivered via internet-first model.
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| domain | founded_year | HQ Location |
Truckload freight forwarding services are delivered via internet platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nuvocargo
Frequently Asked Questions about Nuvocargo
When was Nuvocargo founded?
Nuvocargo was founded in 2018.
Where is Nuvocargo located?
Nuvocargo is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Nuvocargo?
Deepak Chhugani is the current CEO of Nuvocargo. They have also founded this company.
Is Nuvocargo a funded company?
Nuvocargo is a funded company, having raised a total of $75.62M across 7 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Feb 08, 2018.
What does Nuvocargo do?
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.
Who are the top competitors of Nuvocargo?
Nuvocargo's top competitors include ModivCare, ODW Logistics and Knight Transportation.
What products or services does Nuvocargo offer?
Nuvocargo offers Managed Transportation, Freight Brokerage, Customs Services, and Technology Platform.
How many acquisitions has Nuvocargo made?
Nuvocargo has made 1 acquisition, including Mentum.
Who are Nuvocargo's investors?
Nuvocargo has 23 investors. Key investors include Flexport, FJ Labs, QED Investors, NFX, and Tiger Global.
What is Nuvocargo's valuation?
The valuation of Nuvocargo is $180M as of Dec 2021.
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