Nuvo Raises $45M to Digitize B2B Trade with Sid Malladi

Sid Malladi, co-founder and CEO of Nuvo, joins us on the day of the company’s public launch to talk about the future of B2B trade infrastructure. Backed by $45M from Sequoia, Founders Fund, and Spark, Nuvo aims to replace the outdated pen-and-paper systems that still dominate the $11 trillion U.S. trade economy.

Sid explains why the problem isn’t just software—it’s a lack of shared infrastructure across businesses. He walks us through the scaling challenges, the platform Nuvo is building, and why he compares Nuvo’s roadmap to early Facebook: first connect businesses, then build layers of coordination like payments, underwriting, and automation on top.

We also covered supply chain resilience, vendor adaptation in the face of tariffs, and how Nuvo’s viral trade graph might one day power millions of relationships between buyers and sellers.