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Home World Regional News South America

Contabilizei Raises US$63 Million in a Series C round 

Femi Thomas by Femi Thomas
03/17/2022
in South America
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Contabilizei announced that it raised a Series C round of US$63 million. The investment was led by SoftBank, with Goldman Sachs and PruVen Capital also participating.

The Brazilian company, founded in 2013, has come with this news just 14 months after it raised another round led by SoftBank, whose amount was not disclosed.

But according to Crunchbase data, Contabilizei is estimated to have funds of more than US$80.1 million.

Although it is an emerging company that is backed by the most important international venture capital funds, its valuation is unknown.

Contabilizei will use the new capital to expand and make acquisitions, according to CEO and co-founder Vitor Torre.

This will lead the startup, which offers accounting services to companies, to increase its number of employees from 900 to 1,300 by the end of 2022.

The company was founded by Fábio Bacarin and Vitor Torres. It claims to have more than 30,000 clients in around 60 cities in Brazil, as well as 900 accountants.

 

Read more on Tech Gist Africa:

Fitness App wOS Raises US$1.2 million

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