Nowports CEO Alfonso de los Rios, right, and COO Maximiliano Casal.Source: Nowports
Nowports CEO Alfonso de los Rios, right, and COO Maximiliano Casal.Source: Nowports

Mexican supply chain unicorn, Nowports, opens their first U.S. office in Miami

Nowports, the Mexican startup with a $1.1 billion valuation that was launched by 23-year-old Alfonso de los Rios and Maximiliano Casal, has announced the opening of its new office in Miami. 

Latin America’s first digital freight forwarder Nowports aims to revolutionize supply chains with automation and artificial intelligence. The company is already active in 7 countries and expects its Florida office to be the first of many to be opened in the U.S. 

Nowports is looking to Miami as the key to unlock growth opportunities for LatAm companies. 

“We believe that transforming the supply chain in emerging markets can fuel their economic growth,” said Alfonso de los Ríos, co-founder and CEO of Nowports. “The opening of our Miami office is a step in that direction. We are going to see a more intertwined commercial relationship between the U.S. and LatAm in the next few years. Digitization of supply chains will be a crucial aspect of this new era.”

The Covid-19 pandemic revealed the huge logistical weaknesses and challenges of moving goods across the world during a time of crisis. The current slowdown, however, is providing a moment of relief. As ports and international logistics companies catch their breath, now’s the time to invest heavily in tech to improve the infrastructure that was severely strained at the height of the pandemic.

Ports and logistics companies need to catch up on digitization, automation, and geolocation if they want to future-proof their operations, said Mr de los Ríos

Nowports has grown from 250 employees in January 2022 to the 950 employees it boasts today, and the company plans to keep growing even more in 2023.

Nowports’ Miami office will start with 12 employees, and the company expects that their number will double by May. The Mexican unicorn is looking for local commercial and operations talent. Their office will be at 252 NW 29th St. 9th Floor.

Nowports became a LogiTech unicorn in May 2022 after raising $150 million in a Series C round, three years after being founded in Monterrey. 

Nowports participated in Y Combinator accelerator in early 2019. Since then, it has been backed by large funds such as SoftBank LatAm Fund, Tiger Global, Mouro Capital, Foundation Capital, Broadhaven Ventures, Monashees, Soma Capital, Tencent and Base10 Partners. 

The startup is currently active in Mexico, Chile, Colombia, Uruguay, Peru, Brazil and Panama.

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