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- Nowports
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| May 2022 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2022 | Series C | SoftBank Group (lead); Broadhaven Capital Partners; Tencent; Soma Capital; Tiger Global; Base10 Partners; Foundation Capital; Mouro Capital; MONASHEES | $150M | $1.1B | Nowports 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 2021 | Series B | Tiger 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 2021 | Series A | JAM 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 2021 | Series A | Mouro 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 2019 | Seed | Base10 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 2019 | Seed | Y 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Jun 2019 | ||
| 4 | Lead | Jun 2019 | ||
| 4 | Lead | Jun 2019 | ||
| 3 | Lead | Jul 2021 | ||
| 3 | Lead | Feb 2019 | ||
| 3 | Participant | Jul 2021 | ||
| 3 | Lead | Jul 2021 | ||
| 2 | Lead | Dec 2021 | ||
| 2 | Lead | Jul 2021 | ||
| 2 | Participant | Jun 2019 | ||
| 2 | Lead | Dec 2021 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Oct 2021 | ||
This data is available for Pro users. Sign up to see all 23 Nowports investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialNowports Competitors
Nowports competitors include listed companies like JSTI and Wuxi Boton Technology, and private ones like UISEE, Rivigo, RoadRunner Recycling and TuSimple.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.1B | - | ||
| Private | $77M | - | $1.1B | 13.8x | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $626M | $31M | $897M | 1.6x | ||
| Publicly 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $67M | $16M | 14.3x | 12.3x | 59.6x | 44.8x | |||
| $160M | $48M | 2.4x | - | 7.9x | - | |||
| $626M | $31M | 1.5x | 1.6x | 31.0x | 11.9x | |||
| $221M | ($18M) | 4.3x | - | (53.9x) | - | |||
| $276M | $14M | 1.4x | 1.6x | 28.3x | 27.5x | |||
| $90M | ($52M) | 7.1x | - | (12.3x) | - | |||
| $520M | $55M | 2.6x | - | 24.5x | - | |||
| $60M | $2M | 10.3x | - | 311.4x | - | |||
This data is available for Pro users. Sign up to see all Nowports competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Nowports
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