LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

Ribbit Capital leads Series C round for ContaAzul

23 February 2015

(PEHub) ContaAzul, a provider of accounting and invoicing solutions for small businesses in Brazil, has secured Series C funding. No financial terms were disclosed. Ribbit Capital led the round with participation from Tiger Global Management, 500 Startups, Monashees Capital and Valar Ventures.

PRESS RELEASE

JOINVILLE, Brazil–(BUSINESS WIRE)–ContaAzul, the leading provider of easy-to-use SaaS accounting and invoicing solutions to SMBs in Brazil, today announced it has raised a Series C round of financing. Existing investor Ribbit Capital, a venture capital firm focused on the financial services industry, led the new investment round, with participation from Tiger Global Management as well as existing investors 500 Startups, Monashees Capital and Valar Ventures.

ContaAzul will use the funding to develop a new specialized platform catered for Brazilian accounting firms, which will allow customers to achieve greater integration and more productive interactions with their customers. The Company also plans to use the new capital to further develop its accounting and invoicing platform, improving integration between our customers and banks, the Brazilian government, their suppliers and customers.

“At ContaAzul, we are furthering our mission to make it easier for small business owners to do business,” said Vinícius Roveda, Co-founder and CEO of ContaAzul. “With this new round of funding, we hope to continue to transform the Brazilian accounting market with new and more specialized platforms tailored for Brazilian SMBs. Our newest platform will enable our customers to reach unprecedented levels of productivity by integrating key channels between our customers, banks, government agencies, their customers and suppliers.

Roveda added, “We are also excited to welcome Tiger Global as an investment partner, which has a strong track record of backing leading technology companies serving the Brazilian market. We look forward to continue collaborating with our world-class investors as we continue to expand our business and empower Brazilian SMBs.”

“ContaAzul has enabled thousands of Brazilian entrepreneurs to streamline their accounting process through its simple and efficient invoicing solutions, providing sophisticated infrastructure and back-end capabilities that SMBs would not normally have access to,” said Micky Malka, founder and General Partner of Ribbit Capital. “We are confident that Vinícius and his talented team will continue to leverage their localized solutions to capture the rapidly-growing Brazilian market.”

Ribbit Capital leads Series C round for ContaAzul was last modified: July 22nd, 2016 by Editor
BrazilContaAzulMonashees capitalRibbit CapitalTiger Global ManagementValar Ventures
0
Facebook Twitter Google +

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.

Tweets

Missing consumer key - please check your settings in admin > Settings > Twitter Feed Auth

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Office

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top