New York based US and Mexico trade startup raised $12m in Series A funding led by QED Investors.
“While on the surface Nuvocargo appears to be primarily a logistics company, our vision has always been to build an all-in-one digital platform to simplify trade for businesses across the Americas,” said Deepak Chhugani, Founder and CEO of Nuvocargo. “One of the biggest components of that vision is deeply rooted in the movement of money and payments for the international supply chain. Nuvocargo will soon offer products and services that help truckers, SMBs, and businesses across countries with multiple pain points that go beyond the actual movement of goods.”