Skip to main content

Nuvocargo

Category: AI in Supply Chain / Logistics

Nuvocargo is an all-in-one digital platform for cross-border trade between the USA, Mexico, and Canada, offering a suite of logistics and financial services. Nuvocargo was founded in 2019. The company is led by Deepak Chhugani. Based in New York, United States. Team size: 101-250. Total funding raised: $74.4 million. Latest round: Series B. Key investors include QED Investors, Tiger Global Management, NFX, Flexport, Hi Ventures, Y Combinator.

Founded
2019
Headquarters
New York, United States
Team size
101-250
Total funding
$74.4 million

Value proposition

Nuvocargo's main value proposition is to simplify the complexities of North American cross-border trade by providing a single, centralized AI-powered platform for all logistics needs, including freight forwarding, customs brokerage, insurance, and financing, thereby increasing efficiency, visibility, and reducing costs.

Products and solutions

Managed Transportation (Freight Brokerage), Customs Brokerage (Nuvo Customs), Supplier Financing (QuickPay for Carriers), Cargo Insurance, Supply Chain AI Platform (NuvoOS), Nuvo AI (AI-Native Freight Execution Engine)

Unique value

Nuvocargo is unique due to its singular focus on the U.S.-Mexico-Canada trade corridor, combining a multi-product offering of logistics, software, and financial services on one platform. Their blend of a proprietary AI-powered operating system (NuvoOS) with a dedicated, bilingual team of experts provides a seamless and specialized customer experience.

Target customer

The company targets both shippers (companies of all sizes that need to move goods) and carriers (trucking companies) involved in the U.S.-Mexico-Canada trade lane.

Industries served

Automotive, Manufacturing, Electronics, Food and Beverage, Aerospace, Retail, Industrial

Technology advantage

The key advantage is their integrated, AI-native platform, NuvoOS, which provides end-to-end visibility, automates complex cross-border processes, and offers data-driven insights. This technology, combined with their ability to offer financial products like QuickPay, creates a strong network effect and a competitive moat, leading to faster border crossings and improved efficiency for their clients.

How they differentiate

Nuvocargo differentiates itself by specializing in the US-Mexico trade lane, offering a fully bilingual platform, and integrating technology with a strong focus on customer service. They also provide value-added services like QuickPay, a financing solution for carriers, to streamline the payment process and improve cash flow for their partners.

Main competitors

Flexport, Nowports, Traditional freight forwarders

Key partnerships

Kimberly-Clark Mexico (Client Partnership), The Flexport Fund (Investor & Strategic Partner), QED Investors (Investor with Fintech Expertise), Endeavor (Global Entrepreneurial Network), Merge Transportation (Acquisition), Orderful Inc. (Integration Partner), Mentum (Acquisition, March 2026)

Notable customers

Vilher, Grupo Gondi, Howden Buffalo Forge, Impulsora del Alambre SA de CV, Cerámica Antique

Major milestones

Launched QuickPay, a financial product designed to provide faster payments to carriers., Acquired Merge Transportation to enhance their domestic US logistics capabilities., Expanded operations to cover all major US-Mexico border crossings., Recognized by Fast Company as one of the Most Innovative Companies., Launched Nuvo AI, the first AI-native freight execution engine for North American shippers (March 2026)., Acquired Mentum, a YC-backed AI agent startup, to accelerate AI roadmap (March 2026).

Growth metrics

While specific growth metrics are not publicly detailed, Nuvocargo has reported significant revenue growth year-over-year and a substantial increase in shipment volume since its inception. The company's valuation surpassed $250 million after its Series B funding round.

Market positioning

Nuvocargo is a prominent digital freight forwarder specifically targeting the lucrative US-Mexico trade corridor. They have established themselves as a key player in this niche by offering a tech-driven solution to the complexities of cross-border logistics.

Geographic focus

The primary geographic focus for Nuvocargo is the trade lane between the United States and Mexico. They have been expanding their presence across all major border crossings and are increasingly handling logistics throughout North America (USA, Mexico, and Canada).

Patents and IP

No public information found on patents or IP.

About Deepak Chhugani

Deepak Chhugani is the Founder and CEO of Nuvocargo, a digital platform focused on streamlining cross-border trade between the U.S. and Mexico. He founded the company in 2019 and has since raised over $75 million from investors like Y Combinator and Tiger Global Management. Before Nuvocargo, he worked in investment banking at Bank of America Merrill Lynch, focusing on Latin American M&A. In 2023, he was named to Forbes' 30 Under 30 list for his work in enterprise technology.

Official website: