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Nuvo, a network for B2B trade, has nabbed $34M from Sequoia and Spark Capital
Nuvo, a company that has built a social-like platform to facilitate easier purchasing of physical goods between businesses, has raised a $34 million
“Any volatility, for tariffs or other reasons, causes shifts in trade partnerships across all businesses that need to respond to changes in price, risk, or other parameters,” Malladi, a former product manager at Yelp, told TechCrunch. In addition, customers gain the potential to connect with new suppliers, secure better credit terms, and streamline their own purchasing processes, notes Sequoia partner Bryan Schreier. “The potential for network effects reminds us of other great companies Sequoia has been fortunate to partner with, including payments giants PayPal and Stripe,” he told TechCrunch.
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