On the Heels of the Nearshoring Boom, Logistics Startup Nuvocargo Raises $36.5M to Modernize US-Mexico Trade, Expands to all major US-MX border crossings
Alongside announcing this funding round, Nuvocargo is also announcing it will be expanding to serve all major US-MX border crossings, whereas historically it has only focused on Laredo, TX, which accounts for roughly 40% of US-MX cross-border freight volumes.
- Alongside announcing this funding round, Nuvocargo is also announcing it will be expanding to serve all major US-MX border crossings, whereas historically it has only focused on Laredo, TX, which accounts for roughly 40% of US-MX cross-border freight volumes.
- Almost four years after launching in late 2019, Nuvocargo’s business thesis and consistent results continue to gather support from investors.
- “We are bullish on the nearshoring opportunity and have already seen increased demand for services specialized in the US-Mexico trade lane.
- We expect this trend to continue growing as Mexico settles into the top spot for US trading partners.