Magma Partners invests in Mexico’s professional beauty industry with Círculo de Belleza
We led a Seed round in Círculo de Belleza to support their mission to bring top-quality products to beauty professionals in Latin America.
Nuvocargo is a freight forwarding platform that manages cargo deliveries across the US-Mexico border, for a seamless experience for users on both ends. Nuvocargo handles customs and provides tracking services to make the process of moving cargo between Mexico and the USA less painful and more efficient.
Founder Deepak Chhugani started Nuvocargo in the US in 2019, leaving his native Ecuador to join Y Combinator in Winter 2019.
Nuvocargo allows customers greater visibility and better data on the freight supply chain, allowing customers to track their shipments via the cloud-based dashboard. All processes are managed through the online platform, including customs clearance, tariffs, and shipment method.
Nuvocargo is the fifth Ecuadorian company in the Magma Partners portfolio. The company is also backed by leading investors from Silicon Valley, USA, and Latin America, such as the founders of Rappi and Cabify.