Nuvo Secures $34M in Series A Funding from Sequoia and Spark Capital to Revolutionize B2B Trade with Social-Like Platform.

Nuvo, a B2B trade platform, has raised $34M from Sequoia and Spark Capital. The startup aims to facilitate easier purchasing of physical goods between businesses by providing a social-like platform for creating profiles and verifying trade partners. Nuvo claims to reduce instances of fraud, loss, delays, and administrative overhead. The platform connects buyers and sellers, verifies information in real-time, and provides access to creditworthiness, banking data, and partner history.