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Nuvocargo, the only all-in-one digital platform for US/Mexico trade, announced today that Lauren Burdick has joined the company as Head of People.

AlleyWatch caught up with Nuvocargo Cofounder and CEO Deepak Chhugani to learn more about how his pain point working in his family business led to Nuvocargo, the company’s strategic expansion plans both in Mexico and the US, product roadmap, and latest funding round, which brings the total funding raised to $37.8M.

Latam List's updates from Nuvocargo on additional funding.

Nuvocargo, a logistics platform for US-Mexico trade, has raised $20.5 million, led by Tiger Global Management. This raises Nuvocargo’s valuation to $180 million, almost tripling the $70 million it was valued at when it raised $12 million in April.

Se trata del evento que reúne a la red empresarial más importante de México, que impulsa a emprendedores de alto impacto para así combatir la pobreza cultural y económica de nuestro país.

On Friday, Nuvocargo Inc., said it raised $20.5 million in a financing led by Tiger Global Management. The deal values the New York City-based startup at $180 million, which is more than double the valuation the startup received with its Series A in April 2021.

Nuvocargo, plataforma digital "todo en uno" para el comercio entre Estados Unidos y México, anunció el viernes que ha recaudado 20.5 millones de dólares (mdd), liderados por Tiger Global Management, con una valoración de 180 mdd.

The regulations from the Mexican Tax Authority (SAT) aim to reduce cargo theft and the movement of contraband throughout the country. The SAT also estimates that Mexican authorities are losing as much as $7 billion a year on uncollected taxes from smuggled goods.

La necesidad de digitalizar no es una novedad y se ha vuelto aún más crucial desde el inicio de la crisis del COVID-19. Un reporte de Alloy Technologies dice que el 95% de las organizaciones han sido impactadas por disrupciones en la cadena de suministro debido a la pandemia.

La digitalización es la mejor manera de hacer frente a las nuevas regulaciones de transporte de carga en México. Aquí algunas recomendaciones.