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Nuvocargo
Platform for cross-border trade
- 101-200 employees
- B2B
- Logistics
- Freight
- Lower Manhattan, New York, NY
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Company mission
To modernise cross-border trade by creating the biggest trade lane in the world between Mexico and the USA.
229% employee growth in 12 months
Our take
Every year $600 billion in goods crosses the US-Mexico border, while at the global level, cargo loss costs more than $50 billion. Nuvocargo’s digital logistics platform allows freight companies and purchasers to maintain full visibility of cargo along US-Mexico trade routes, as well as taking care of customs brokerage, insurance and trade financing.
Nuovocargo’s app addresses the lack of cargo visibility and time consuming analog bureaucracy that appears when goods reach the border. Nuvocargo allows users to stay informed while freight is moving through customs, checked in warehouses and restored before drivers set off again. The centralized information provided on the app interface also results in there being just a single supply chain audit trail, negating the need to chase up multiple stakeholders and involved parties.
Nuvocargo has secured funding from leading investors which they aim to use to improve their trade financing service, a feature which may well set them apart from more established competitors like FreightVerify and Emerge.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- A unique & fun culture at the intersection of the freight and technology industries as well as between the USA and Latin American work cultures
- Above market salary, benefits, and a robust employee stock ownership program to make you an owner and partner of the business
- A chance to join the ground floor of a well-funded, fast-growing startup that is modernizing a trillion dollar industry critical to the global economy
Company values
- Speed & excellence: We move fast and raise the bar in everything we do. We surprise and delight customers and carriers with experiences that exceed their expectations
- Build trust: We build trust with our customers, carriers, teams, and communities
- Think BIG: We push our industry forward through innovation. We push each other to set very ambitious goals. Start small, persist, keep learning, and trust that exponential growth will do the rest.
- Be relentlessly resourceful: We relentlessly and creatively capitalize on the resources and data at hand to make the most out of every situation, with an ownership mindset
- Say it: We consistently give each other specific and actionable feedback, delivered with speed, empathy, and kindness. We debate thoughtfully, and then commit to a course of action
- Embrace the adventure: We are grateful for the adventure we are all on together. We celebrate the highs and the lows
Funding (last 2 of 4 rounds)
Jun 2023
$36.5m
SERIES B
Dec 2021
$20.5m
EARLY VC
Total funding: $74.3m
This company has top investors
Leadership
Deepak Chhugani
(CEO)Studied Economics at LSE. Started career in Investment Banking at Merrill Lynch. Founder and CEO of The Lobby. A Partner for 3 years at Bayshore Investment Partners.
Sam Blackman
(CTO)Studied Law at University of Copenhagen, and Computer Science at Auckland. Founder and Co-founder of other businesses, including S&S Black, and Project Freedom. Was a Law Clerk at Chapman Tripp for 2 years. Co-owned Isolation Proof. Head of Engineering and Digital Product at Common. Software Consultant at Ascent, as well as Red Squirrel Technologies.