Sequoia Capital leads B2B commerce startup’s $34m series A https://t.co/FztmIVGR2M
SoftBank’s Vision Fund 2 leads cloud startup’s $108m series C https://t.co/k3UitniVGc
Nuvo, a B2B startup that scales trade partnerships by streamlining credit approvals and more, raised a $34M Series A from Sequoia Capital and Spark Capital (@bayareawriter / TechCrunch) https://t.co/F8H5bjgoDq https://t.co/6H8dz1sPYV https://t.co/ZOzeer1FAj
Nuvo, a B2B trade network that facilitates purchasing of physical goods between businesses, has raised $34 million in a Series A funding round led by Sequoia Capital and Spark Capital. The company, which serves over 50,000 businesses, aims to accelerate trade by streamlining credit approvals and centralizing verified business profiles to enhance vendor and customer relationships. Spark Capital highlighted the potential to transform the $5 trillion trade credit market through this investment. Nuvo's platform functions like a social network for B2B commerce, focusing on improving infrastructure for physical goods trade.
