Building the Infrastructure for Businesses to Connect and Coordinate $11 Trillion in Trade

SAN FRANCISCO–(BUSINESS WIRE)–Nuvo, the network accelerating modern B2B trade, announced today that it has raised $45 million in funding from Sequoia Capital, Spark Capital, Founders Fund, Index Ventures, Human Capital, Foundation Capital, Susa Ventures, and prominent angel investors including Gokul Rajaram, Max Mullen (Founder, Instacart), Matt MacInnis (COO, Rippling), Sanjit Biswas and John Bicket (Samsara founders), Varun Anand (Founder, Clay), Eugene Marinelli and Rosco Hill (Blend founders), Ryan Petersen (Founder, Flexport), and Ali Rowghani (Former MD, YCombinator).

Each year, $11 trillion in goods circulates through the U.S. economy. Lumber is milled in Washington and used to build homes in Florida; wine is cultivated in California and served in restaurants across New York. Despite the scale and importance of this trade, businesses still rely on faxes, emails, and phone calls to connect and coordinate. Establishing each buyer-seller relationship is slow and fragmented, bogged down by paperwork, manual verification, risk checks, and scattered communication.

Nuvo is building the infrastructure to transform how businesses connect, trade, and grow. By enabling companies to exchange verified profiles with potential partners, Nuvo provides instant access to critical trust signals, including verification status, creditworthiness, banking information, and trade history, allowing businesses to activate new partnerships quickly and confidently. With identity, connectivity, and trade data in one place, businesses can expand their customer and vendor networks more easily, scale faster with less risk, and unlock growth and resilience.

“There are more businesses in the world than ever before, greater connectivity between them, and more trade flowing through every relationship,” said Sid Malladi, co-founder and CEO of Nuvo. “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.”

Today, more than 50,000 businesses use Nuvo to manage trade relationships across industries, including building materials, food and beverage, logistics, chemicals, and manufacturing. Customers include industry leaders like Great Dane, Southern Glazer’s Wine & Spirits, and Fender.

With the new funding, Nuvo will deepen its reach across core markets such as alcohol and beverage, building materials, chemicals, food service, distribution, and manufacturing, while extending into new verticals. As the network grows, modern payments infrastructure and AI systems will power the intelligent foundations needed to connect and coordinate trade between 50 million global businesses.

Nuvo is currently hiring across engineering and go-to-market teams. Learn more at nuvo.com/jobs or reach out to our team.

About Nuvo

Nuvo is building the infrastructure that accelerates the trade of physical goods. Its expanding suite of products spans business identity, connectivity, risk management, and more. Founded by Sid Malladi and Rameez Remsudeen in 2021, Nuvo has raised $45 million from top-tier investors to transform how businesses connect, coordinate, and grow across the global economy. Learn more at www.nuvo.com.

Contacts

Media Contact:
John Obrien
nuvo@sbscomms.com

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