Nuvo, a network accelerating modern B2B trade, announced that it has raised $45 million in funding from Sequoia Capital, Spark Capital, Founders Fund, Index Ventures, Human Capital, Foundation Capital, Susa Ventures, and prominent angel investors including Gokul Rajaram, Max Mullen (Founder of Instacart), Matt MacInnis (COO of Rippling), Sanjit Biswas and John Bicket (Samsara founders), Varun Anand (Founder of Clay), Eugene Marinelli and Rosco Hill (Blend’s founders), Ryan Petersen (Founder of Flexport), and Ali Rowghani (Former MD of Y Combinator).
Value Proposition: Every year, trillions of dollars in goods value circulate through the U.S. economy. For example, lumber is milled in Washington and used to build homes in Florida; wine is cultivated in California and served in restaurants across New York. Despite the scale and importance of the trade, businesses still depend on faxes, emails, and phone calls to connect and coordinate. Setting up each buyer-seller relationship is slow and fragmented, bogged down by paperwork, manual verification, risk checks, and scattered communication. Nuvo is creating the infrastructure to transform how businesses connect, trade, and grow.
By enabling companies to exchange verified profiles with potential partners, Nuvo offers instant access to critical trust signals, including verification status, creditworthiness, banking information, and trade history, allowing businesses to activate new partnerships quickly and confidently. And with identity, connectivity, and trade data in one place, businesses can expand their customer and vendor networks more easily, scale faster with less risk, and unlock growth and resilience.
Now, over 50,000 businesses use Nuvo to manage trade relationships across industries, including building materials, food and beverage, logistics, chemicals, and manufacturing. Customers include industry leaders like Great Dane, Southern Glazer’s Wine & Spirits, and Fender.
What the funding will be used for: With the new funding, Nuvo plans to deepen its reach across core markets such as alcohol and beverage, building materials, chemicals, food service, distribution, and manufacturing, while extending into new verticals. And as the network grows, modern payments infrastructure and AI systems will power the intelligent foundations needed to connect and coordinate trade between 50 million global businesses.
KEY QUOTE:
“There are more businesses in the world than ever before, greater connectivity between them, and more trade flowing through every relationship. Continued innovation, growth, and accessibility of goods in the global economy require a new kind of technology infrastructure, and that’s what we’re building at Nuvo.”
Sid Malladi, co-founder and CEO of Nuvo
