These are some of the keys to its history.
A digital freight forwarder
Nowports is the first and largest digital freight forwarder in Latin America, and is dedicated to the development of tools to facilitate the import and export of goods through technology. In short, it is a platform that allows you to carry out procedures and monitor the flow of goods from companies and businesses.
Through Nowports, clients obtain customized solutions for their supply chain, such as exports, imports, cargo and container insurance, financing and shipping, among others. Everything, combining logistics with financial and technological tools.
The kick off with the accelerator Y Combinator
Nowports was born in 2018, by the hand of its founders —today, De los Ríos is the CEO, and Casal is the CTO—, and became one of the first companies in the region to be accepted by Y Combinatorthe famous accelerator Silicon Valley among whose success stories stand out Rappi, Platzi, Airbnb and Dropbox.
I got one there seed investment of 5.3 million dollars, as well as key contacts for the development of the venture. This was the initial impulse that allowed today’s unicorn to scale at great speed, and just months after the initial idea began to take shape.
international expansion
Nowports’ main office is located at Monterrey Mexico, and it was the first country where the company started its operations. Among the reasons for this decision, the fact that the metropolitan area of this city has more than one hundred industrial parks and the highest GDP in Latin America.
Likewise, in 2018 they would also open a new office in Mexico City.
Chili was the second country for Nowports, based in Santiago de Chile, and expansion that made them an international company in 2019. It quickly followed Bogota Colombia, and Uruguay, Casal’s home country, was the third new territory in which Nowports opened its doors, already in 2020.
Peru and Brazil They also joined international operations during a year marked by the coronavirus pandemic. Covid-19 and the difficulties that this generated for international trade.
Panama and its important channel were the objectives achieved in 2021 regarding internationalization, and 2023 began with the opening of new offices in Miami, United States.
investment round
In July 2021, Nowports opened its first round of investments after the Y Combinator experience. The lifting of his A series was 16 million dollars and closed with 23 million dollars, led by Mouro Capital (supported by Santander) and with the participation of Foundation Capital, Broadhaven Ventures, Monashees, Y Combinator and Base10 Partners.
That same year, they opened and closed the investment series Bin which they achieved 60 million dollars, with the participation of Tiger Global, SoftBank Latin America Fund and DST about the companies that had already contributed during the first round.
The first LogTech unicorn in Latin America
The C-seriesclosed in May 2022, was a round of 150 million dollars that positioned Nowports as the first unicorn logtech —logistics + technology— originally from Latin America, upon reaching the value of $1.1 billion.
Companies like SoftBank Latin America Fund, Tiger Global, Foundation Capital, Monashees, Soma CapitalBroadhaven Ventures, Mouro Capital, Tencent and Base10 Partners were the ones that bet again on the venture created by Casal and De los Ríos.
Source: Ambito
