Nuvocargo Stock
| Valuation | $250M1 |
| Valuation Date | Jun 27, 2023 |
| Implied Valuation | n/a |
| Last Price | $6.00 |
| 52-Week High | $6.55 |
| 52-Week Low | $5.98 |
| YTD Return | -1.32% |
| 1-Year Return | +0.33% |
| 3-Year Return | n/a |
| Total Funding | $74.3M |
| Latest Round Amount | $36.5M2 |
| Latest Round | Series B |
| Funding Rounds | 4 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About Nuvocargo
Nuvocargo is a logistics company that runs North American truckload freight for shippers using an AI-powered platform and a team of freight experts. It quotes, books, dispatches, tracks and pays loads through more than a dozen agents on NuvoOS, its transportation management system. The company also offers managed transportation, freight brokerage and customs brokerage across the United States, Mexico and Canada. Nuvocargo makes money by executing the freight as a 3PL and broker rather than selling software subscriptions.
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News
Nuvocargo Acquires Mentum: AI Agents for Logistics
Nuvocargo acquired YC-backed Mentum and its founder Gustavo Trigos joined the R&D team to accelerate AI agent development within the NuvoOS logistics platform.
Nuvocargo Launches Nuvo AI, the First AI-Native Freight Execution Engine for North American Shippers
Nuvocargo launched Nuvo AI, an AI-native truckload freight execution engine built on its NuvoOS platform with 12+ AI agents automating 70%+ of load touchpoints for North American shippers.
EXCLUSIVE: Nuvocargo unveils AI-native freight engine aimed at shippers
Nuvocargo launched Nuvo AI, an AI-native truckload execution engine for North American shippers that deploys more than a dozen agents across quoting, booking, tracking and invoice audit. CEO Deepak Ch...
Nuvocargo acquires Mentum to supercharge its AI agent roadmap
Nuvocargo acquired Y Combinator-backed Mentum, bringing founder Gustavo Trigos and team into R&D to speed AI agents inside NuvoOS. Terms were not disclosed. Chhugani said the deal closed in early Octo...
Nuvocargo acquires South Carolina-based 3PL
Nuvocargo acquired Charleston-based Merge Transportation, adding intra-U.S. brokerage to its U.S.-Mexico and Canada cross-border platform. The full Merge team including founder Jamie Cioe joined. Term...
How Nuvocargo makes cross-border trade easier for companies
Fast Company named Nuvocargo No. 1 in logistics and No. 30 on its 2025 World's 50 Most Innovative Companies list. The profile cites an AI-powered platform for U.S.-Mexico shipments and Chhugani saying...
Nuvocargo Bumps Valuation To $250 Million, Snags New Funds To Expand U.S.-Mexico Shipping Efforts
QED Investors led a $36.5 million Series B that valued Nuvocargo at $250 million, up from the $180 million mark in late 2021. The New York-based startup said it would expand beyond Laredo to all major...
Nuvocargo launches Customs Brokerage product to simplify international cargo crossings between the U.S. and Mexico
Nuvocargo launched a customs brokerage product for U.S.-Mexico crossings, adding it to Freight and QuickPay as a third offering on its digital platform.
Nuvocargo Co-founder Deepak Chhugani Named to Forbes 30 Under 30 2023 List of Emerging Leaders
Nuvocargo said co-founder and CEO Deepak Chhugani was named to the Forbes 30 Under 30 2023 list in Enterprise Tech.
Nuvocargo raises $20.5M at a $180M valuation to bolster trade between the US and Mexico
Tiger Global led a $20.5 million round valuing Nuvocargo at $180 million, more than double the April 2021 mark. The company also launched QuickPay, a cash-advance product for carriers on its marketpla...
Nuvocargo raises $12M to digitize the freight logistics industry
Nuvocargo closed a $12 million Series A led by QED Investors, with NFX, ALLVP, David Velez and others participating, about a year after its seed round.
Nuvocargo, a trucking managed marketplace, raises $5.3M in seed funding
NFX and ALLVP co-led a $5.3 million seed for Nuvocargo's managed marketplace for U.S.-Mexico door-to-door freight. The total included earlier Y Combinator backing from when the company existed under a...
Nuvocargo acquires Oncarriage to gain key government licenses
Nuvocargo acquired Atlanta-based customs broker and 3PL Oncarriage to obtain U.S. government licenses, including a customs broker license that can take years to get. Chhugani said the deal had closed ...