Nowports, a royal startup, becomes the first ‘unicorn’ at LogiTech in Latin America

This Monday it was reported that Nowports, a digital automated cargo agent in Latin America, obtained a Series C lift for 150 million dollars, achieving a valuation of 1.1 billion dollars and establishing itself as the first ‘unicorn’ in the area of ​​technology and logistics (LogiTech) for Latin America.

Through social networks, the Monterrey-based company reported its new valuation and through Medium it was announced that the round with which he got the valuation was headed by SoftBank Latin America Foundwhich supports Latino entrepreneurs since 2019.

Startups become ‘unicorn’ upon reaching the valuation of more than one billion dollarswhich Nowports achieved on Tuesday.

“We will continue our mission to revolutionize global supply chains, empowering Latin American companies with technological and financial tools. We thank our ‘nowporters’, clients and ‘stakeholders’ for accompanying us during this incredible journey, without a doubt we have come to a successful conclusion!”, said the company on social networks.

In accordance with techcrunchthe Nowports announcement comes just six months after the uprising a series B with a financing round of 60 million dollars managed by Tiger Global Management.

Nowports is a company that aims to streamline import and export processes in Latin trade companies. The company’s attention to supply chains allows communication and efficiency in shipping processes to be improved so that the transferred products arrive efficiently.

With information from Medium and Techcrunch.