Total amount raised
$242.6 Millions
Latest funding date
05/01/2022
Location
Nowports has successfully raised significant funding over multiple rounds, with its latest being a Series C. The company offers a comprehensive digital platform that automates the supply chain process for businesses.
Keep reading to explore the intricacies of Nowports' fundraising journey and the investors backing this innovative platform.
What Is Nowports?
Nowports, founded in 2018, is a digital freight forwarder based in Monterrey, Nuevo Leon, Mexico. The company was established by Alfonso De los Rios and Maximiliano Casal.
Specializing in automating the supply chain process, Nowports offers a platform that simplifies international trade, particularly in Latin America. Their services include air, maritime, and terrestrial transportation, as well as cargo and container insurance.
With a workforce of 1001-5000 employees, Nowports continues to innovate in the logistics sector, providing real-time management of imports and exports using AI technology.
How Much Funding Has Nowports Raised?
- Series C
- Amount Raised: $150M
- Date: May 2022
- Lead Investors: SOFTBANK Latin America Ventures
- Valuation at Round: $1.1 billion
- Motivation Behind the Round: To hire more tech and engineering talents and expand services to more cities in Brazil, Mexico, and Chile.
- Funding Round
- Amount Raised: Not publicly disclosed
- Date: February 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not publicly disclosed
- Series B
- Amount Raised: $60M
- Date: December 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion.
- Series A
- Amount Raised: $8M
- Date: October 2021
- Lead Investors: JAM Fund, Justin Mateen
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build the operating system for Latin America's shipping industry.
- Series A
- Amount Raised: $16M
- Date: July 2021
- Lead Investors: Mouro Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To improve the import process for companies, especially SMEs.
- Seed Round
- Amount Raised: $8.5M
- Date: June 2019
- Lead Investors: Base10 Partners, monashees
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To innovate the freight forwarding industry.
- Seed Round
- Amount Raised: $150K
- Date: March 2019
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To help companies improve the import process.
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not publicly disclosed
Total Amount Raised: $242.65M
Current Valuation: $1.1 billion
Key Investors
- SOFTBANK Latin America Ventures
- Details: SOFTBANK Latin America Ventures is a venture capital arm of SoftBank Group focusing on investments in Latin America. They are known for their significant investments in technology-driven companies.
- Investment Focus Areas: Technology, logistics, fintech, e-commerce
- Notable Investments: Rappi, Kavak, Didi
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on private and public companies in the global Internet, software, consumer, and financial technology industries. They have a strong presence in both public and private markets.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Facebook, LinkedIn, Spotify
- JAM Fund
- Details: JAM Fund is a venture capital firm that focuses on early-stage investments in technology companies. They are known for their strategic investments in promising startups.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Not publicly disclosed
- Mouro Capital
- Details: Mouro Capital is a venture capital firm spun out of Santander Bank. They focus on investing in fintech and adjacent sectors.
- Investment Focus Areas: Fintech, financial services, adjacent sectors
- Notable Investments: Tradeshift, Ripple
- Base10 Partners
- Details: Base10 Partners is a venture capital firm that invests in automation for the real economy. They focus on sectors that are undergoing significant technological transformation.
- Investment Focus Areas: Automation, logistics, real estate, financial services
- Notable Investments: Figma, Notion
What's Next for Nowports?
Nowports stands at the cusp of significant growth, with opportunities to expand its services in Brazil, Mexico, and Chile. The company aims to enhance its technological capabilities by hiring more tech and engineering talents, focusing on warehouse and shipment automation, and improving supply chain visibility with real-time tracking.
Given the recent successful funding rounds, Nowports is well-positioned to attract further investment to support its ambitious expansion plans. However, the company may face challenges such as scaling operations in multiple new cities simultaneously and navigating competition from other logistics companies in the region.
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