/Companies

Nuvocargo

YC W18

New York City, US · Founded 2019 · Delaware corporation · 100 employees · 40 known investors

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Nuvocargo provides software and services for cross-border freight management between the US and Mexico, targeting global brands and logistics companies seeking to improve efficiency in North American supply chains.

Also known as The Lobby Inc. · Savi Cargo · Savicargo · The Lobby · The Lobby, Savi Cargo, Savicargo · Nuvo AI

Founders & leadership· Y Combinator alumni (W18)

Nuvocargo was founded in 2019 by Deepak Chhugani.

DCDeepak Chhugani
Deepak ChhuganiFounder/CEODeepak Chhugani is founder and CEO of Nuvocargo, which provides logistics and freight management services for North American shippers. He was part of Y Combinator's Winter 2018 cohort.30 Under 30 2023
SB
Sam BlackmanCTO
AC
Anaid ChaconHead of Product
RS
Rafael SánchezEngineering Manager
VA
Valeria AnzaldoLead Technical Recruiter
ME
Mohamed EttaibiFull Stack Engineerformer
IM
Ismail Mechbal
SL
Souhail Labouiti
I
Ivan
TP
Tyler Puszewski

Board

LCLauren Connolley Morton
Lauren Connolley MortonBoard Member2021–2024Partner at QED Investors
SR
Samuel Ross BlackmanBoard director

Investors · 40

Hi Ventureslisted by Hi VenturesMexico City · $1M – $5M

How we know: the VCSheet dataset · Y Combinator's founder network · Not right? Tell us

NFXlisted by NFXSan Francisco · $250K – $5M

How we know: NFX's portfolio page · a partner's Signal profile · press coverage · research · ycombinator.com · Y Combinator's founder network · Not right? Tell us

Agrolimen Venturesreported

How we know: Y Combinator's founder network · Not right? Tell us

alpha4 venturesreportedNew York

How we know: a partner's Signal profile · Not right? Tell us

Banyan VenturesreportedNew York

How we know: Y Combinator's founder network · Not right? Tell us

Jaguar VenturesreportedDel. Miguel Hidalgo

How we know: Y Combinator's founder network · Not right? Tell us

Matt Mireles (Scout @ Social Capital LP)reported

How we know: Y Combinator's founder network · Not right? Tell us

Raymond Tonsingreported

How we know: Y Combinator's founder network · Not right? Tell us

Tiger Global ManagementreportedNew York · $1M – $100M

How we know: funding news · techcrunch.com · Y Combinator's founder network · Not right? Tell us

Venture Investment AssociatesreportedPeapack

How we know: Y Combinator's founder network · Not right? Tell us

Also in the syndicate · 6

co-founders of Dropboxco-founders of Platzico-founders of Repl.itFederico RaneroThe Flexport FundTresalia Capital

Funding

SEC filings, press & company announcements

$57M disclosed across 2 of 4 rounds · 2021–2023

▶$20.5MraisedApr 2022 · 25 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Samuel Ross BlackmanDirector
  • Lauren Connolley MortonDirector
  • Deepak ChhuganiExecutive Officer, Director
Offering amount
$20.5M
Amount sold
$20.5M
First sale
Nov 2021
Incorporated
Corporation, Delaware, 2017
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$180Mvaluation at Series A extension / $20.5M roundDec 2021
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Nuvocargo is a logistics technology company focused on cross-border truckload freight between the United States and Mexico, with coverage extending across the US–Mexico–Canada corridor. It combines a proprietary software platform with brokerage, managed transportation and customs services, positioning itself as a single provider that replaces what it describes as 15+ separate tools for shippers such as manufacturers, retailers and distributors [0][3][4].

The company's platform, NuvoOS, is organized into five modules: planning and procurement optimization (supplier onboarding, routing guide, offer manager, recommendation engine), freight execution and tracking (customer-facing control tower, border event visibility via integrations with Mexican customs and U.S. Customs and Border Protection, border crossing automations, dynamic ETAs), freight pay and audit (POD and invoice reconciliation, accessorial verification, ERP integration, QuickPay), business intelligence and reporting (performance, landed cost, carrier metrics, carbon emissions), and continuous improvement (carrier scorecards, monthly performance reviews, throughput analysis) [4]. On top of this, Nuvocargo markets "Nuvo AI," a set of more than a dozen AI agents covering quoting, negotiation, booking, dispatch, tracking, exception handling, audit, payment, control-tower logging and intelligence/benchmarking [0][3].

Beyond freight, Nuvocargo has launched adjacent products: QuickPay, a carrier payments product paying carriers 48 hours after delivery rather than the industry-standard 30–90 days, and a customs offering announced ahead of its 2023 Series B that the company says produced an average of 33% faster border crossings [5][6]. Management has described an intent to build a multi-product platform spanning transportation, software, payments, financing, customs and compliance [5].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Average freight spend reduction in year oneJan 20257-20%
Carrier accessJan 2025$300K
Carrier network sizeJan 2025$20K
EmployeesDec 202185 employees
Faster border crossings from Customs productJan 202333% average improvement
Greater purchasing power vs. market ratesJan 20258%
HeadcountAug 202667
Number of live AI agentsJan 202512 agents
On-time delivery performanceJan 202595%+ OTD
Post-money valuationDec 2021$180M
QuickPay weekly growth during private betaDec 2021~35% weekly average
Reduction in customs clearance timeJan 2025Up to 40% across US-MX-CAN
Share of end-to-end load lifecycle automatedJan 202570%+
Team sizeJan 2025100 employees
Total disclosed funding raisedJan 2025$85M
US-Mexico annual goods trade addressedDec 2021$800B moved annually between the US and Mexico

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Images

Nuvocargo photoNuvocargo photo

Related companies · 9

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MovleyOpsNinja provides quality inspection, auditing, and testing services for e-commerce sellers, primarily those on Amazon. The platform integrates with seller accounts to track product performance, returns, and quality metrics through a global network of inspectors and labs.
FedExFedEx is a global courier and logistics company that provides shipping, delivery, and supply chain management services for businesses and consumers worldwide.
WaybillWaybill provides an automated procurement service for hardware teams, handling sourcing, supplier negotiation, freight, customs clearance, delivery, and inventory tracking from a single approved payment. It consolidates orders, manages chain of custody, and integrates with tools like Slack for requests and approvals.
SmartsheetSmartsheet provides a cloud-based work management platform that enables teams and organizations to plan, capture, manage, automate, and report on work at scale across enterprises, nonprofits, and small businesses globally. The platform helps improve process efficiency and business outcomes through unified digital workplace capabilities.
NowadaysNowadays is an AI-powered platform for corporate event planning that handles tasks from venue sourcing to budget management. The platform aims to make event planning effortless for corporate clients.
WarpWarp offers a managed full-truckload (FTL) freight program that books dedicated capacity across a network of vetted carriers with ELD/GPS visibility on every load, avoiding load-board spot buying and double-brokering. It serves enterprise shippers with recurring lanes, retail OTIF programs, and multi-stop distribution across the contiguous US, offering dry van and reefer equipment plus an API for quoting, booking, and tracking.
truemetricsTrueMetrics captures real-world interactions in last-mile delivery operations, moving beyond geofences and traditional scanning to provide visibility into actual delivery activities. The platform serves logistics and delivery teams seeking optimization and tracking capabilities.

Companies working in the same space as Nuvocargo.

Timeline · 6

launches, deals, and filings
Jun 2023
Nuvocargo raises $36.5M Series B at a valuation above $250M

QED Investors led a $36.5M Series B valuing Nuvocargo at over $250M, roughly 40% above its December 2021 valuation. New investors included Tresalia Capital and Amador Holdings, alongside returning investors Tiger Global, NFX, ALLVP, Magma Partners, MAYA Capital and One Way Ventures.

$36.5M source ↗

Jun 2023
Expansion beyond Laredo to all major US–Mexico border crossings

Alongside its Series B, Nuvocargo announced it would serve customers moving freight through any major US–Mexico border crossing, including El Paso and Otay Mesa, beyond its prior focus on Laredo, Texas, which accounts for roughly 40% of US/MX over-the-road freight crossings.

source ↗

Jan 2023
Recognized among Top 10 Most Innovative Companies in Latin America

Company newsroom cites recognition as a top-10 most innovative company in Latin America in 2023; the company also states it was named #1 in Logistics on Fast Company's World's Most Innovative Companies list and recognized in FreightWaves 100 and Y Combinator Top Companies.

source ↗

Jan 2023
Customs product launch

Nuvocargo announced a customs product allowing shippers to centralize freight and customs, which the company says results in an average of 33% faster border crossings.

source ↗

Dec 2021
Nuvocargo raises $20.5M at a $180M post-money valuation

Round led by John Curtius at Tiger Global, with The Flexport Fund, Federico Ranero (COO of Kavak) and existing investors QED Investors and NFX participating.

$20.5M source ↗

Dec 2021
Public launch of QuickPay carrier payments product

QuickPay pays carriers 48 hours after delivery instead of the typical 30–90 days. In private beta it grew about 35% weekly, was used by more than 10% of Nuvocargo carriers and surpassed seven figures in annualized gross processing volume.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 3

corporate structure
NuvocargoDelaware
Nuvocargo Inc.
The Lobby Inc.

In the news

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Nuvocargo do?
Nuvocargo runs an AI-powered freight brokerage, customs and TMS platform for US–Mexico and North American truckload freight.
Who founded Nuvocargo?
Nuvocargo was founded by Deepak Chhugani in 2019.
Who are Nuvocargo's investors?
Nuvocargo's investors include 37 Angels, Amador Holdings, BuenTrip Ventures, Clocktower Ventures, DVC, FJ Labs, Gaingels, Harlem Capital Partners and 26 more.
How much funding has Nuvocargo raised?
Nuvocargo has disclosed $57M raised across 2 of its 4 known rounds.
Where is Nuvocargo headquartered?
Nuvocargo is headquartered in New York City, US.