Nuvo, a San Francisco, CA-based provider of a network accelerating modern B2B trade, raised $45M in funding.
The round was led by Sequoia Capital, Spark Capital, Founders Fund, Index Ventures, Human Capital, Foundation Capital, Susa Ventures, and angel investors including Gokul Rajaram, Max Mullen (Founder, Instacart), Matt MacInnis (COO, Rippling), Sanjit Biswas and John Bicket (Samsara founders), Varun Anand (Founder, Clay), Eugene Marinelli and Rosco Hill (Blend founders), Ryan Petersen (Founder, Flexport), and Ali Rowghani (Former MD, YCombinator).
The company intends to use the funds to deepen its reach across core markets such as alcohol and beverage, building materials, chemicals, food service, distribution, and manufacturing, while extending into new verticals.
Founded by Sid Malladi and Rameez Remsudeen in 2021, Nuvo provides instant access to critical trust signals, including verification status, creditworthiness, banking information, and trade history, allowing businesses to activate new partnerships quickly. With identity, connectivity, and trade data in one place, businesses can expand their customer and vendor networks more easily, scale faster with less risk, and unlock growth and resilience.
FinSMEs
30/04/2025