Fundraising Fox

Nuvocargo

YC W18

New York City, US · Founded 2019 · Delaware corporation · 100 employees · 24 known investors

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 Savi Cargo · Savicargo · The Lobby · Nuvo AI · Nuvocargo Inc. · NuvoOS

Founders & leadership· Y Combinator alumni (W18)

Nuvocargo was founded in 2019 by Deepak Chhugani.

DCDeepak Chhugani
Deepak Chhuganiin𝕏Founder/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

Board

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

Investors · 24

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

$20.5M disclosed across 1 of 3 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

Competitors · 4

by search overlap

Companies competing with Nuvocargo for the same Google search keywords, organic and paid, via search-intersection analysis.

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 · 1

corporate structure
NuvocargoDelaware

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 Amador Holdings, BuenTrip Ventures, Clocktower Ventures, DVC, Harlem Capital Partners, Hi Ventures, Homebrew, Magma Partners and 10 more.
How much funding has Nuvocargo raised?
Nuvocargo has disclosed $20.5M raised across 1 of its 3 known rounds.
Where is Nuvocargo headquartered?
Nuvocargo is headquartered in New York City, US.