Nowports México, S.A. de C.V.

Nowports México, S. A. de C. V.

is a digital freight forwarding platform based in Mexico that focuses on optimizing international logistics for businesses across Latin America. Founded in 2018, Nowports México, S. A. de C.

V. specializes in digital freight forwarding. The company raised USD 150 mn in Series C funding on May 24, 2022, led by Softbank Latin America Ventures with participation from Tencent Holdings Limited and other investors. The company's headquarters is located in Mexico, and it has completed five funding deals to date.

The founders are Alfonso De los Rios and Maximiliano Casal, with Alfonso De los Rios serving as the CEO. Nowports offers a comprehensive digital freight forwarding platform designed to streamline international logistics for businesses in Latin America. The core product suite integrates various logistics services, including air, sea, and land transportation, alongside cargo insurance and real-time shipment tracking functionalities. This platform facilitates the management of documentation, invoicing, and financial assistance, enabling clients to optimize their supply chain operations efficiently.

Nowports serves a diverse client base, including companies such as Oriflame in Colombia and Grupo Raphael in Panama, who rely on these services to ensure timely and secure movement of goods across key global trade routes. The company operates primarily in Latin American markets, providing solutions that address the complexities of cross-border logistics. Nowports generates revenue through its logistics services, which include transportation of cargo across multiple modes and associated services like insurance and financial solutions. Clients typically engage the company on a transactional basis, utilizing the platform to book shipments and access various logistical services.

This structure involves direct contracts with businesses seeking tailored logistics solutions or B2B partnerships with other logistical entities. The company’s revenue model encompasses service fees associated with transportation and added-value services, allowing businesses to scale their operations while ensuring the safety and efficiency of their logistics processes. Specific pricing details for these services are determined by the complexity and volume of the logistics solutions required by each client. Following its Series C funding round on May 24, 2022, where Nowports raised USD 150 mn, the company plans to utilize the funding to hire engineers for technological development and to expand its operations into more cities across Latin America.

These initiatives aim to enhance their service offerings and support growth in key markets.