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# Mexican logistics company Nowports raises $150 million, becomes a unicorn
- URL: https://www.techloy.com/mexican-logistics-company-nowports-raises-150-million-becomes-a-unicorn/
- Published: 2022-05-25T07:44:59.000Z
- Updated: 2022-12-08T00:49:50.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Logistics, Mexico

[Nowports,](https://nowports.com/) a logistics company based in Mexico has raised $150 million in its Series C funding round bringing it to $1.1 billion in valuation and now a unicorn.

- The funds will be used to hire more tech and engineering talents and expand its services to more cities in Brazil, Mexico, and Chile, it claims.
- Nowports is a logistics firm focusing on warehouse and shipment automation with real-time tracking of shipments using sensors.
- The new funding round was led by SoftBank with participation from Tiger Global, Foundation Capital, Monashees, Soma Capital, Broadhaven Ventures, and Mouro Capital among others.
- It last raised $60 million in its Series B round some months ago.