Nuvocargo
YC W18New 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 · Nuvocargo Inc. · NuvoOS
Founders & leadership· Y Combinator alumni (W18)
Nuvocargo was founded in 2019 by Deepak Chhugani.

Board

Investors · 40
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How we know: Magma Partners's portfolio page · research · nuvocargo.com · Y Combinator's founder network · Not right? Tell us
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How we know: One Way Ventures's portfolio page · research · nuvocargo.com · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us
How we know: QED Investors's portfolio page · board seat on SEC Form D · press coverage · research · ycombinator.com · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us
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Also in the syndicate · 6
Funding
SEC filings, press & company announcements$57M disclosed across 2 of 4 rounds · 2021–2023
- $36.5MSeries BJun 2023 · 5 sources
QED Investors (lead), ALLVP, Amador Holdings, NFX, Tiger Global, Tresalia Capital
Source ↗
▶$20.5MraisedApr 2022 · 25 investors · OtherRule 506(b)
- 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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Nuvocargo 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 reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Related companies · 9
Companies working in the same space as Nuvocargo.
Timeline · 6
launches, deals, and filingsQED 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 ↗
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.
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.
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.
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 ↗
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.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 3
corporate structureIn the news
▸Research sources · 8
primary sources listed
- Nuvocargonuvocargo.com · web
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.





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