Tech Company Financing Transactions
Onfly Funding Round
Onfly, based in Belo Horizonte, secured $16 million from Cloud9 Capital and Left Lane Capital.
Transaction Overview
Company Name
Announced On
6/8/2023
Transaction Type
Venture Equity
Amount
$16,000,000
Round
Series A
Investors
Cloud9 Capital (Lead Investor)
Left Lane Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to further scale the sales, marketing, and technology departments. Part of the investment will also be directed towards launching new products and exploring acquisitions. Both Left Lane and Cloud9 will join the company's Board of Directors.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Rua Maranhão 339, 2º andar - Santa Efigênia
Belo Horizonte, 30150-330
BR
Belo Horizonte, 30150-330
BR
Phone
Website
Email Address
Overview
Developer of travel and expense management platform designed to reduce the company's travel, hotel, and reimbursement expenses. The company's application aids in booking hotels, tickets, and renting cars for trips, within a pre-configured travel policy, enabling travel companies to maximize travel management and bring comfort and productivity to employees.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Marcelo Linhares
Chief Technical Officer
Alaim Ribeiro
Co-Founder
Elvis Soares
Browse more venture capital transactions:
Prev: 6/8/2023: BeFC venture capital transaction
Next: 6/8/2023: HyperPlay venture capital transaction
Share this article
News on VC Transactions
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs