Nuvocargo Raises $20.5M At A $180M Valuation To Bolster Trade Between The Us And Mexico

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The company says it still had most of that cash in the bank when Tiger approached it. The startup claims to pair its technology with a “team of experts” to integrate end-to-end movement of cargo in “a single platform.” The company claims it gives its customers more visibility and better data to understand their supply chain.Let’s dig a bit deeper into this. Already, the company has revealed the first of a series of financial products it is building — QuickPay for carriers, which is essentially a cash advance product for the truckers in Nuvocargo’s marketplace. “We’ve been in a small private beta for a couple of months and the adoption has been extremely exciting,” Chhugani said. The company has tripled its team since announcing its Series A in April, from 30 to about 90.