Nuvo, a network dedicated to modernising B2B trade, has raised $45m in a funding round backed by leading investors including Sequoia Capital, Spark Capital, Founders Fund, Index Ventures, Human Capital, Foundation Capital and Susa Ventures.
The round also attracted participation from several high-profile angel investors such as Gokul Rajaram, Max Mullen (founder of Instacart), Matt MacInnis (COO of Rippling), Sanjit Biswas and John Bicket (co-founders of Samsara), Varun Anand (founder of Clay), Eugene Marinelli and Rosco Hill (founders of Blend), Ryan Petersen (founder of Flexport), and Ali Rowghani (former MD at Y Combinator).
Nuvo is focused on overhauling how businesses connect and coordinate the trade of physical goods, a process that currently relies heavily on outdated communication methods such as emails, faxes and phone calls. The platform facilitates faster and more secure B2B relationships by allowing companies to exchange verified profiles containing identity, credit, banking, and trade history data.
With its new capital, Nuvo plans to deepen its reach across key sectors such as alcohol and beverage, building materials, chemicals, food service, logistics, and manufacturing. It will also expand into additional verticals and continue investing in modern payments infrastructure and AI-driven systems to serve a growing global network of businesses.
The company’s platform is already used by more than 50,000 businesses, including well-known names like Great Dane, Southern Glazer’s Wine & Spirits, and Fender. Nuvo also announced it is currently hiring across engineering and go-to-market roles to support its expansion.
Nuvo CEO and co-founder Sid Malladi said, “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.”
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