Nowports Valuation, Funding & Investors

Nowports is valued at $1.1B as of May 2022.

Last Nowports valuation

$1.1B

Series C · May 2022

Last Nowports funding round

$150M

Series C · May 2022

Cumulative funding Nowports raised

$240M

across 6 funding rounds

Key investors in Nowports

  • MONASHEES
  • Base10 Partners
  • Broadhaven Capital Partners
  • Y Combinator
  • Foundation Capital
  • JAM Fund

Nowports Overview

About Nowports

Nowports is a Mexican digital freight forwarder that moves ocean, air and ground freight for importers and exporters in Latin America, with an emphasis on small and medium-sized enterprises. Its platform gives customers shipment tracking, cargo insurance and trade financing alongside the freight service. The company was founded in 2018 in Monterrey and joined the Winter 2019 batch of Y Combinator. It raised a USD 150 million Series C in May 2022 led by SoftBank Latin America Fund at a valuation of USD 1.1 billion, becoming the first logistics unicorn of Spanish-speaking Latin America. Earlier rounds were led by Base10 Partners and Monashees, Mouro Capital and Tiger Global. Nowports operates offices across Mexico, Brazil, Chile, Colombia, Peru, Panama and Uruguay and opened a United States office in Miami.


Founded

2018

HQ

MexicoMonterrey

Status

Privately held

Customer focus

B2B

Revenue model

Commission, Subscription

Valuation

$1.1B (May 2022)

Nowports Valuation

Nowports is currently valued at $1.1B, based on its Series C in May 2022. Read the announcement ↗

The $150M round was led by SoftBank Group, with participation from Broadhaven Capital Partners, Tencent, Soma Capital, Tiger Global, Base10 Partners and 3 other investors.

Nowports valuation by funding round

Nowports valuation by funding round
DateStageValuation
May 2022Series C$1.1B

Nowports Funding History

Nowports has raised a total of $240M across 6 funding rounds.

Nowports' first fundraising round was a $200K seed round in February 2019. The most recent completed round was a $150M Series C in May 2022.

Nowports funding rounds

Nowports funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2022Series CSoftBank Group (lead); Broadhaven Capital Partners; Tencent; Soma Capital; Tiger Global; Base10 Partners; Foundation Capital; Mouro Capital; MONASHEES$150M$1.1BNowports is a Mexico-based digital freight forwarder that automates and streamlines import and export processes for Latin American companies, particularly SMEs, offering services like real-time shipment tracking, cargo insurance, inventory financing, and supply chain visibility. Founded in 2018, it emerged from Y Combinator's Winter 2019 batch aiming to become the Flexport of Latin America, with operations across 10 offices in seven countries including Mexico, Brazil, Peru, Panama, Chile, and Colombia, employing over 500 people. On May 24, 2022, Nowports raised $150 million in a Series C funding round led by SoftBank Latin America Ventures, with participation from Tiger Global, Foundation Capital, Monashees, Soma Capital, Broadhaven Ventures, Mouro Capital, Tencent, and Base10 Partners. This round valued the company at a post-money valuation of $1.1 billion, achieving unicorn status and marking a significant jump from its prior $80 million valuation in March 2021. The funding brought total capital raised to over $240 million across multiple rounds, including a $60 million Series B in late 2021 and a $16 million Series A earlier that year. The investment supports expansion of financing services, logistics platform growth, hiring of tech and engineering talent, and opening new offices in Brazil, Mexico, and Chile. In Q1 2022, Nowports reported more than 12x year-over-year revenue growth, alongside 10x growth in containers shipped and customers served, highlighting strong traction amid logistics sector interest in Latin America. The round positions Nowports to consolidate in key markets like Brazil while innovating with technologies such as advanced sensors for tracking.
Dec 2021Series BTiger Global (lead); JAM Fund; SoftBank Group; Broadhaven Capital Partners; MOOR; Base10 Partners; Foundation Capital; Mouro Capital; DST Global; MONASHEES$60M-Nowports is a Mexico-based digital freight forwarder founded in 2018 in Monterrey, offering a platform for shipping goods with automatic visibility, supply chain management, insurance, and efficiency improvements in Latin America's logistics sector. It positions itself as a leader in automating freight forwarding to streamline communication and operations. On December 16, 2021, Nowports closed a $60 million Series B funding round led by Tiger Global, with participation from SoftBank Latin America Ventures, DST Global, Mouro Capital, Monashees, Base10 Partners, Broadhaven Capital Partners, Foundation Capital, JAM Fund, and MOOR. Total funding across rounds reached approximately $234.5M to $242M by that time. Nowports operates in the competitive LATAM logistics space against players like minutos.com, Envia.com, and Grupo ampm, focusing on digital tools for better shipment tracking and decision-making.
Oct 2021Series AJAM Fund (lead); Justin Mateen (lead); AngelHub VC; Andy Shah; Dominik Palsanik$8M-Nowports raised an additional USD 8 million for its Series A in October 2021, from angel investors including Justin Mateen and Andy Shah. The extension followed the USD 16 million Series A announced in July 2021 and led by Mouro Capital, which brought the Series A to about USD 24 million and total funding to about USD 32 million. The company said the capital would support its expansion into Brazil. Nowports is a Monterrey-based digital freight forwarder founded in 2018 that moves ocean, air and ground freight for importers and exporters across Latin America, with an emphasis on small and medium-sized businesses. It graduated from the Y Combinator Winter 2019 batch and had raised a USD 5.3 million seed round in 2019 before the Series A. Its platform combines shipment tracking with cargo insurance and trade financing. A USD 60 million Series B led by Tiger Global followed in December 2021.
Jul 2021Series AMouro Capital (lead); JAM Fund; Y Combinator; Broadhaven Capital Partners; Justin Mateen; Base10 Partners; Foundation Capital; MONASHEES$16M-Nowports is a Mexico-based digital freight forwarder that automates import and export processes for Latin American companies, providing logistics and financial services including insurance and financing. The company operates offices in Mexico, Chile, Colombia, and Uruguay, with plans to expand to China. In July 2021, Nowports closed a $16 million Series A funding round led by Mouro Capital, with participation from Foundation Capital, Broadhaven Ventures, InvestoVC, Monashees, Base10 Partners, Y Combinator, and angels including Justin Mateen. This brought total funding to $24 million since its 2018 founding. The capital supports solidifying key routes, expanding logistics and financial services, and growing the team from 160 people.
Jun 2019SeedBase10 Partners (lead); MONASHEES (lead); Ricardo Weder; Y Combinator; Broadhaven Capital Partners; Partech; Tekton Ventures; Wayfinder Ventures; Soma Capital; Sean Behr; Paul Buchheit$5M-Nowports raised $5.3 million in a seed round in June 2019 led by Base10 Partners and MONASHEES, with participation from Broadhaven Capital Partners, Partech, Paul Buchheit, Ricardo Weder, Sean Behr, Soma Capital, Tekton Ventures, Wayfinder Ventures, and Y Combinator. The Monterrey, Mexico-based company operates as an automated digital freight forwarder, providing software to track containers and streamline importing and exporting processes for shippers in Latin America. The funding was intended to expand into new markets, grow the team, and integrate with more logistics companies in the fragmented Latin American freight industry. Nowports was founded in 2018 and participated in Y Combinator's Winter 2019 batch prior to this round. The company positions itself as the Flexport of Latin America, focusing on efficiency, reliability, and transparency for SMEs in a market where freight providers handle nearly $40 billion annually into the region.
Feb 2019SeedY Combinator (lead)$200K-Y Combinator invested in Nowports in February 2019 when the Monterrey-based freight forwarder joined its Winter 2019 batch. Nowports raised its initial seed round of USD 5.3 million in June 2019 after graduating from the accelerator, led by Base10 Partners and Monashees. The company is a digital freight forwarder that helps Latin American businesses, with an emphasis on small and medium-sized enterprises, to import and export goods by tracking shipments from port to destination. It was founded in 2018 and has since grown into a regional logistics platform offering ocean, air and ground freight together with insurance and financing.

Who has invested in Nowports?

23 investors have backed Nowports across its funding rounds, including MONASHEES, Base10 Partners, Broadhaven Capital Partners, Y Combinator, Foundation Capital and JAM Fund.

Lead investors include SoftBank Group, Tiger Global, JAM Fund, Justin Mateen, Mouro Capital and 3 other investors.


Nowports Investors

Investors in Nowports by funding rounds participated
InvestorHQRoundsRoleFirst check
Broadhaven Capital PartnersUnited StatesNew York City, NY4ParticipantJun 2019
Base10 PartnersUnited StatesSan Francisco, CA4LeadJun 2019
MONASHEESBrazilSão Paulo4LeadJun 2019
JAM FundUnited StatesLos Angeles, CA3LeadJul 2021
Y CombinatorUnited StatesSan Francisco, CA3LeadFeb 2019
Foundation CapitalUnited StatesPalo Alto, CA3ParticipantJul 2021
Mouro CapitalUnited KingdomLondon3LeadJul 2021
SoftBank GroupJapanTokyo2LeadDec 2021
Justin MateenUnited StatesUnited States2LeadJul 2021
Soma CapitalUnited StatesSan Francisco, CA2ParticipantJun 2019
Tiger GlobalUnited StatesNew York City, NY2LeadDec 2021
Ricardo WederMexicoMexico City1ParticipantJun 2019
AngelHub VCMexicoSan José1ParticipantOct 2021

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Nowports Competitors

Nowports competitors include listed companies like JSTI and Wuxi Boton Technology, and private ones like UISEE, Rivigo, RoadRunner Recycling and TuSimple.

Public and private companies comparable to Nowports
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
UISEEChinaBeijingPrivate--$1.1B-
RivigoIndiaGurgaonPrivate$77M-$1.1B13.8x
RoadRunner RecyclingUnited StatesPittsburgh, PAPrivate--$1.1B-
TuSimpleUnited StatesSan Diego, CAPrivate--$1B-
JSTIChinaChinaPublicly listed$626M$31M$897M1.6x
Wuxi Boton TechnologyChinaChinaPublicly listed$520M$55M$1.4B-

Nowports Public Comps

Nowports is still privately-owned, but its public comps include Blackbuck, Jiangsu Tongxingbao, JSTI, GuoChuang Software, Guotai Epoint Sofware, Beijing eGova, Wuxi Boton Technology, Duolun Technology, e-Hualu and SureKAM Corporation.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Blackbuck$67M$16M14.3x12.3x59.6x44.8x
Jiangsu Tongxingbao$160M$48M2.4x-7.9x-
JSTI$626M$31M1.5x1.6x31.0x11.9x
GuoChuang Software$221M($18M)4.3x-(53.9x)-
Guotai Epoint Sofware$276M$14M1.4x1.6x28.3x27.5x
Beijing eGova$90M($52M)7.1x-(12.3x)-
Wuxi Boton Technology$520M$55M2.6x-24.5x-
Duolun Technology$60M$2M10.3x-311.4x-

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Common questions about Nowports

When was Nowports founded?Nowports was founded in 2018.
Where is Nowports headquartered?Nowports is headquartered in Monterrey, Mexico.
Is Nowports publicly listed?No, Nowports is a private, VC-backed company.
What is Nowports' valuation?Nowports was last valued at $1.1B in its Series C in May 2022.
How much funding has Nowports raised?Nowports has raised $240M across 6 funding rounds.
What was Nowports' last funding round?Nowports' last funding round was a $150M Series C in May 2022, led by SoftBank Group.
Who are Nowports' investors?Nowports' investors include Broadhaven Capital Partners, Base10 Partners, MONASHEES, JAM Fund, Y Combinator, Foundation Capital, Mouro Capital, SoftBank Group, Justin Mateen, Soma Capital and 13 others.
Which companies are comparable to Nowports?Companies comparable to Nowports include UISEE, Rivigo, RoadRunner Recycling, TuSimple, JSTI and Wuxi Boton Technology.

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