Nowports

Nowports is a digital freight forwarder that automates the supply chain process of companies.

Nowports is the first digital freight forwarder in LATAM connecting the continent with the world.

Nowports was founded in 2018 by Alfonso De los Ríos and Maximiliano Casal. The company is headquartered in Monterrey, with 10 active offices in seven countries, including Mexico, Peru, Brazil and Panama.

 

Nowports' software and services track freight shipments from ports to destinations across Latin America. The company has expanded its offerings and now also automates insurance policies for, and provides inventory financing, to its clients.

 

Nowports combines its experience in international trade with artificial intelligence, Big Data and data science to develop new solutions.

 

Nowports' inventory financing tool is designed to give its customers the ability to acquire more merchandise for import and pay for it later. The end goal is to help companies increase their imports and exports with fintech.

 

Nowports is backed by SoftBank Latin America Fund, Tiger Global, Foundation Capital, Monashees, Broadhaven Ventures, Mouro Capital, Base10 Partners, and others. The company raised $150M in Series C round on May 24, 2022. This brings Nowports' total funding to $242.6M to date. The latest round mints Nowports a unicorn with a valuation of $1.1B post-money.

 

 

  • Year founded: 2018
  • Funding Info: $242.6M over 5 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 501-1,000
  • Business Valuation: Valued at $1.1B as of May 24, 2022
  • City/Town: Monterrey
  • State: Nuevo León
  • Country: Mexico
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