Deepak Chhugani, CEO
New York, NY
Nuvocargo is the only all-in-one digital platform for cross-border trade offering freight forwarding, customs brokerage, cargo insurance and supply chain financing. It combines powerful technology with an exceptional team of experts to seamlessly integrate end-to-end movement of cargo in a single platform. Nuvocargo is modernizing a $2T market that has yet to experience real digitalization, empowering shippers with unparalleled visibility, efficiency and support. Run by a fully bi-lingual team, Nuvocargo's unique position at the intersection of technology, logistics, the US and LatinAmerica, contributes to growing revenues 35 percent month over month since beginning operations in late 2019. Nuvocargo is backed by QED Investors, DavidVelez (Founder/CEO, Nubank), NFX, ALLVP, and the world-renowned startup accelerator Y Combinator, among others.
QED recognized that as truly transformative companies like Nuvocargo brought much of the traditionally disjointed and offline supply chains online, there would be huge opportunities for embedded financial solutions in the US-Mexico trade corridor. Nuvocargo took something that wasn’t even possible two years ago and made it essential today. Deepak and team are building a platform that not only automates the logistics of moving goods across the border, but for the first time enables offering best-in-class financial solutions to a massive market that has long been ignored.