Nowports is a freight forwarding company from Mexico that facilitates the import and export processes for Latin American companies, and it was founded in 2018 by Maximiliano Casal y Alfonso de los Ríos. In this Series B, Nowports raised $60M in a round led by Tiger Global. Other participants were SoftBank Latin American Fund, DST, Mouro Capital, Monashees, Base10 Partners, Broadhaven Ventures and Foundation Capital. This financing places the company as Monterrey, Mexico’s startup with most capital raised.
Matt Pieterse, investor in SoftBank Latin America Fund, expressed the following: “The current supply chain crisis highlights the need for greater transparency and efficiency in the complex web of global logistics. Nowports’ platform brings international trade to the Internet. We are excited to support this team’s mission to modernize the movement of freight in Latin America.”
The company revolutionizes freight forwarding by using emerging technologies to convert freight movement data into valuable information for supply chains. Nowports will use this capital to develop tools in its platform, financing services and to implement a rapid growth strategy in new offices throughout Latin America.