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Nuvo is building the infrastructure to transform how businesses connect, trade and grow. It provides businesses with instant access to critical trust signals...
Nuvo has raised $39.0M across 3 funding rounds.
Nuvo was founded in 2021 by Rameez Remsudeen (Founder) and Sid Malladi (Founder).
Nuvo has raised $39.0M in total across 3 funding rounds.
Nuvo provides a powerful platform for intelligent customer onboarding, business verifications, and fraud & credit risk insights, helping businesses scale profitable trade partnerships.
Key people at Nuvo.
Nuvo was founded in 2021 by Rameez Remsudeen (Founder) and Sid Malladi (Founder).
Nuvo has raised $39.0M in total across 3 funding rounds.
Nuvo's investors include Bain Capital Ventures, Builders, Conversion Capital, Defy Partners, Founders Fund, LGF, Nexus Venture Partners, Pioneer Fund, rocketship.vc, Sequoia Capital, Shaan's All Access Fund, Sweet Capital.
Nuvo is building the infrastructure to transform how businesses connect, trade, and grow by enabling instant access to critical trust signals—such as verification status, creditworthiness, banking information, and trade history. Its platform streamlines B2B commerce, allowing companies to activate new partnerships quickly and confidently, scale their networks, and unlock growth with less risk. Nuvo serves a wide range of industries, including building materials, food and beverage, logistics, chemicals, and manufacturing, with over 50,000 businesses currently using its network.
The company solves a persistent pain point in B2B trade: fragmented, manual, and slow processes for establishing trust and managing credit relationships. By centralizing identity, connectivity, and trade data, Nuvo accelerates onboarding, reduces friction, and minimizes risk. With recent funding of $45 million from top-tier investors like Sequoia Capital, Spark Capital, and Index Ventures, Nuvo is deepening its reach across core markets and expanding into new verticals, positioning itself as a foundational layer for the future of global commerce.
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Nuvo was founded in 2021 by Sid Malladi and Rameez Ahmed, both of whom bring deep operational experience from the worlds of payments, marketplace products, and logistics software. Sid previously built payments and marketplace solutions in the home services industry, where he saw firsthand the inefficiencies small businesses face in procurement and vendor management. Rameez worked on machine learning systems for retail and logistics, focusing on reducing reliance on manual, error-prone processes.
Their shared frustration with the fragmented state of B2B trade—where trust is hard to establish, credit decisions are slow, and relationships are managed through spreadsheets and phone calls—led them to create Nuvo. The idea emerged from observing how outdated systems hinder growth and resilience in the physical goods economy. Early traction came quickly, as major players in beverage, building materials, and logistics adopted the platform, validating Nuvo’s approach and fueling rapid expansion.
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Nuvo is riding the wave of digital transformation in B2B commerce, a sector long overdue for modernization. The global trade in physical goods exceeds $11 trillion annually, yet much of it still relies on manual workflows, paper trails, and disconnected systems. Nuvo’s timing is critical: as supply chains become more complex and businesses demand faster, more resilient trade relationships, the need for a unified, trust-based infrastructure has never been greater.
By centralizing identity and credit data, Nuvo is helping to create a more transparent, efficient, and resilient global trade ecosystem. Its platform is influencing how businesses think about risk, connectivity, and growth, setting a new standard for B2B commerce. As AI, real-time payments, and data interoperability continue to evolve, Nuvo is well-positioned to become the backbone of modern trade, much like Stripe or PayPal did for payments.
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Nuvo is poised to become the foundational layer for B2B commerce, connecting millions of businesses and transforming how trade is conducted globally. As the network grows, its ability to aggregate and analyze trade data will unlock new opportunities for automation, risk management, and growth. The company is likely to expand into new verticals, deepen its AI and payments capabilities, and further integrate with enterprise systems.
The future of B2B trade will be defined by speed, trust, and connectivity—three pillars Nuvo is already building. As more businesses recognize the value of a unified, intelligent trade network, Nuvo’s influence will only grow, reshaping the way companies connect, trade, and grow in the global economy. Just as the internet transformed consumer commerce, Nuvo is laying the groundwork for a new era of fluid, frictionless B2B trade.
Nuvo has raised $39.0M across 3 funding rounds. Most recently, it raised $34.0M Series A in April 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2025 | $34.0M Series A | Bain Capital Ventures, Builders, Conversion Capital, Defy Partners, Founders Fund, LGF, Nexus Venture Partners, Pioneer Fund, rocketship.vc, Sequoia Capital, Shaan's All Access Fund, Sweet Capital, Y Combinator, Zigg Capital, Ameet Patel, Arash Ferdowsi, Frederic Kerrest, Gokul Rajaram, Immad Akhund, Jeremy Yap, Kulveer Taggar, Matt Macinnis, Max Mullen, Nolan Gray, Prasanna Srikhanta, Stanley Druckenmiller | |
| Dec 1, 2023 | $3.0M Seed | Paula Hübner | Atlantic Food labs, General Catalyst, APX, Collective Ventures, Exxeta Ventures, FoodLabs |
| Apr 1, 2022 | $2.0M Seed | Patrick Huber | Atlantic Food labs, Ayse Inal, Adrian Frenzel, APX, Collective Ventures |