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Nuvocargo - About the company

Nuvocargo is a series B company based in New York City (United States), founded in 2018. It operates as a Tech-enabled freight forwarding service provider. Nuvocargo has raised $75.6M in funding from investors like QED Investors, Y Combinator and Tiger Global Management, with a current valuation of $*****. The company has 984 active competitors, including 51 funded and 61 that have exited. Its top competitors include companies like Flexport, Forto and Jungheinrich.

Company Details

Tech-enabled freight forwarding service provider. It is a tech-enabled freight forwarder & customs broker, primarily focussing on cross-border transportation. Through the online platform, users can provide logistics requirements, receive & book quotes as well as manage & track services in real time.
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Key Metrics
Founded Year
2018
Location
New York City, United States
Stage
Series B
Total Funding
$75.6M in 7 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jun 27, 2023
Ranked
Employee Count
65 as on Sep 30, 2026
Investment & Acquisitions
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Nuvocargo's funding and investors

Nuvocargo has raised a total funding of $75.6M over 7 rounds. Its first funding round was on Feb 08, 2018. Its latest funding round was a Series B round on Jun 27, 2023 for $*****. 11 investors participated in its latest round. Nuvocargo has 23 institutional investors and 9 angel investors.

Here is the list of recent funding rounds of Nuvocargo:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jun 27, 2023
4266302
Series B
7340039
8449611
9465059
6194943
Dec 10, 2021
6163792
Series A
2203019
7557530
9913705
Apr 07, 2021
6031283
Series A
3209308
1582276
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Nuvocargo's founders and board of directors

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Nuvocargo's Board of Directors

Nuvocargo's board has 3 active members. Lauren Connolley Morton, Samuel Ross Blackman and Deepak Chhugani are independent board members.
Here is the list of Nuvocargo's board of directors:
Name
Type
Representing
Status
Duration
Independent board member
-
Current
4y 6m
{kidigx
Independent board member
-
Current
5y 4m
uglqokt
Independent board member
-
Current
7y 7m

Nuvocargo's employee count trend

Nuvocargo has 65 employees as of Sep 26. Here is Nuvocargo's employee count trend over the years:
Employee count trend for Nuvocargo
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Nuvocargo's Competitors and alternates

Top competitors of Nuvocargo include Flexport, Forto and Jungheinrich. Here is the list of Top 10 competitors of Nuvocargo, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Flexport
Flexport
2013, San Francisco (United States), Series E
Provider of end-to-end supply chain logistics platform
$2.5B
74/100
2nd
Logo for Forto
Forto
2016, Berlin (Germany), Series D
Provider of tech-enabled freight forwarding services
$610M
70/100
3rd
Logo for Jungheinrich
Jungheinrich
1953, Hamburg (Germany), Public
Provider of intralogistics solutions including material handling equipment and related services
-
68/100
4th
Logo for Nuvocargo
Nuvocargo
2018, New York City (United States), Series B
Tech-enabled freight forwarding service provider
$75.6M
59/100
5th
Logo for Shippio
Shippio
2016, Tokyo (Japan), Series C
Provider of tech-enabled multi-modal freight forwarding services
$46M
62/100
6th
Logo for ModivCare
ModivCare
1986, Denver (United States), Public
Provider of logistics and transportation services
-
62/100
7th
Logo for Zencargo
Zencargo
2017, London (United Kingdom), Series B
Provider of digital freight forwarding and supply chain management services
$66.4M
60/100
8th
Logo for Full Truck Alliance
Full Truck Alliance
2017, Guiyang (China), Public
Tech-enabled freight forwarding service provider
$1.69B
60/100
9th
Logo for sennder
sennder
2015, Berlin (Germany), Series D
Tech enabled trucking services
$413M
59/100
10th
Logo for Intoglo
Intoglo
2022, Delhi (India), Series A
Provider of freight forwarding customs brokerage trucking and warehousing services
$2.55M
59/100
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Nuvocargo's Investments and acquisitions

Nuvocargo has acquired Mentum. Nuvocargo has not made any investments as of now.

Reports related to Nuvocargo

Here is the latest report on Nuvocargo's sector:

News related to Nuvocargo

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Media has covered Nuvocargo for a total of 2 events in the last 1 year, 1 of them has been about company updates.
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