# Nuvocargo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nuvocargo

- Industry: Logistics & Distribution
- Headquarters: New York, US
- Website: www.nuvocargo.com
- Total disclosed funding: $54M
- Latest round: Series B (Jun 28, 2023)
- Investors on record: 13

## About

Nuvocargo Inc. is a U.S.-based logistics company that leverages AI technology to streamline cross-border freight operations between the United States and Mexico, enhancing efficiency and reducing costs for clients.Founded in 2019 and headquartered in New York, Nuvocargo Inc. specializes in AI-powered logistics services tailored for cross-border freight. The company was founded by Deepak Chhugani and Sam Blackman and has since raised a total of USD 36.50 mn, primarily through its SERIES B funding round led by QED Investors on April 23, 2025. Nuvocargo has completed 7 investment deals, with a current valuation of USD 250.00 mn.Nuvocargo specializes in providing AI-powered logistics solutions tailored for cross-border freight between the United States and Mexico. The company’s core offerings include managed transportation, freight brokerage, and customs services. Their managed transportation solution integrates advanced AI technology to optimize supply chain operations, enabling clients to reduce freight costs by up to 7% while enhancing service levels. The freight brokerage service is designed for seamless cross-border shipping, leveraging a network of over 20,000 trucks to ensure efficient transport and compliance with CTPAT standards. Additionally, Nuvocargo's customs services expedite clearance processes, contributing to border crossing times that are up to 40% faster. The company primarily serves businesses engaged in North American trade, focusing on clients in the logistics, manufacturing, and retail sectors.Nuvocargo's revenue model is primarily based on service fees associated with their logistics offerings, which include managed transportation, freight brokerage, and customs support. The company engages in B2B transactions, partnering with shippers and carriers to facilitate efficient cross-border movement of goods. Clients typically pay for services based on transactional volume and service level agreements which may include monthly subscription fees for ongoing logistics support and one-time fees for specific freight brokerage transactions. The pricing structure is designed to align with the needs of North American shippers, providing tailored solutions that encourage long-term partnerships. Nuvocargo's flagship services integrate seamlessly to offer comprehensive logistics management, driving operational efficiency and enhancing client satisfaction across the supply chain.In April 2025, Nuvocargo Inc. acquired Merge Transportation for an undisclosed amount to expand its intra-U.S. logistics capabilities, which will enhance its cross-border services across North America. The company aims to further develop its logistics solutions and is actively designing new products to enhance operational efficiency. The recent Series B funding will be utilized to support these initiatives, positioning Nuvocargo for sustained growth in the logistics sector.

## Funding rounds

- Series B, Jun 28, 2023, $37M — Tiger Global Management, QED Investors, Hi Ventures, Magma Partners, Maya Capital, NFX, Tresalia Capital Private Equity, One Way Ventures, Amador Holdings
- Series A, Jun 28, 2022 — FJ Labs
- Series A, Mar 18, 2021, $12M — QED Investors, Hi Ventures, Magma Partners, Maya Capital, FJ Labs, NFX, Clocktower Technology Ventures, Ride Ventures, One Way Ventures
- Seed, Apr 21, 2020, $5.3M — Y Combinator, Hi Ventures, Magma Partners, Maya Capital, NFX, One Way Ventures
- Seed, May 21, 2019 — Maya Capital, One Way Ventures

## Investors

- Maya Capital — Seed, Series A, Series B
- One Way Ventures (https://capitalatlas.ai/funds/one-way-ventures) — Seed, Series A, Series B
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Hi Ventures (https://capitalatlas.ai/funds/hi-ventures) — Seed, Series A, Series B
- Magma Partners (https://capitalatlas.ai/funds/magma-partners) — Seed, Series A, Series B
- NFX (https://capitalatlas.ai/funds/nfx) — Seed, Series A, Series B
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series A, Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Series A
- Ride Ventures — Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B
- Tresalia Capital Private Equity (https://capitalatlas.ai/funds/tresalia-capital-private-equity) — Series B
- Amador Holdings (https://capitalatlas.ai/funds/amador-holdings) — Series B