Nowports
Nowports Raises $150M in Series C
Quick Facts
Nowports Raises $150M in Series C
Nowports has successfully raised $150M in a Series C at a $1.1B valuation led by Mouro Capital, Tiger Global, SoftBank Latin America Fund, Foundation Capital, NFX, Greenoaks Capital.
Company Overview
Nowports is a Logistics company headquartered in Av. Insurgentes Sur 553, Mexico City 06700, Mexico, founded in 2018 with 1000+ employees.
Digital freight forwarder for Latin America
Fundraising Details
- Amount Raised: $150M
- Round Type: Series C
- Valuation: $1.1B
- Date: 2024-07-13
- Investors: Mouro Capital, Tiger Global, SoftBank Latin America Fund, Foundation Capital, NFX, Greenoaks Capital
About Nowports
Digital freight forwarder for Latin America The company is positioned in the Logistics sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Av. Insurgentes Sur 553, Mexico City 06700, Mexico
- Founded: 2018
- Team Size: 1000+
- Industry: Logistics
What This Means
This funding round demonstrates strong investor confidence in Nowports's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Logistics sector continues to attract significant investment as companies innovate to meet evolving market demands. Nowports's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.1B valuation marks an important milestone for Nowports, positioning the company among notable players in the Logistics industry.
Looking Ahead
With this new capital, Nowports is well-positioned to execute on its growth strategy and continue building innovative solutions in the Logistics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-07-13. For more information about Nowports, visit their headquarters at Av. Insurgentes Sur 553, Mexico City 06700, Mexico.
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