Nuvocargo Raises $36.5M in Series B Funding


Nuvocargo, a NYC-based USA Mexico cross-border shipping startup, raised $36.5M in Series B funding at a valuation north of $250M.

The round saw participation from Tresalia Capital, Amador Holdings, Tiger Global, NFX, ALLVP, Magma Partners, MAYA Capital, One Way Ventures, as well as the co-founders of Dropbox,, Platzi.

Led by Deepak Chhugani, Founder/CEO, Nuvocargo is an all-in-one digital platform for cross-border trade between USA and Mexico.

The company intends to use the funds to keep investing in Nuvo OS, expanding to serve all major border crossings, and ramp up its business development efforts to specifically help US-based brands simplify their US/MX OTR cross-border freight supply chains. Nuvocargo will also keep investing in scaling up their existing products: Freight, QuickPay, and Customs, which helps shippers centralize both Freight & Customs.