Nowports Raises $150M Series C Financing

May 24, 2022Client News

Gunderson Dettmer represented Mexico-based client Nowports, a digital freight forwarder platform, in its $150 million Series C financing led by Softbank. Nowports streamlines the import and export processes of Latin American companies and improves the visibility of their supply chains with valuable information. The new capital brings the company valuation to $1.1 billion and will be used to scale hiring for its engineering and technological teams.

In the announcement of the transaction, Co-Founder and CEO of Nowports Alfonso De los Rios said, "We were not expecting to start Series C that quickly, but we were growing at giant steps, now competing in the top five countries for maritime trade, joining the fintech environment, and with a strong team. We needed a new investment round to expand our financing services and create a robust platform. We are confident we can revolutionize the supply chain faster with this new capital."

The Gunderson deal team was led by Dan Green and included Thomas Graham, Maurice Osei, and Jamilah Mena.