Cross-border startup Nuvocargo announced Friday that it has raised $20.5 million in a funding round led by Tiger Global Management.
Deepak Chhugani, Nuvocargo’s founder and CEO, said the company didn’t need the capital since it still had most of the $12 million it raised in a series A round in April.
“Tiger showed real conviction and moved fast with their term sheet even though we were not raising,” Chhugani said in a statement. “We deeply respect their approach to investing and it was a great...
https://www.freightwaves.com/news/nuvocargo-raises-205m-to-boost-trade-between-us-and-mexico