# CombuData

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/combudata

- Industry: Software
- Headquarters: Brazil
- Website: www.combudata.com
- Total disclosed funding: $0.5M
- Latest round: Seed (May 13, 2020)
- Investors on record: 1

## About

CombuData LLC is a Brazilian company specializing in a SaaS platform for fuel procurement management that enables clients to optimize purchasing conditions for diesel, gasoline, and ethanol through data-driven insights.Founded in 2019, CombuData LLC operates out of Brazil, focusing on fuel procurement solutions. The company was established by Daniel Colella, who has a background in launching technology-driven ventures. In May 2020, CombuData raised BRL 2.8 million in a Seed funding round led by Canary, with prior funding totaling BRL 2.8 million from that round. The company has conducted one significant deal to date.CombuData specializes in providing a comprehensive platform for fuel procurement management, focusing primarily on diesel, gasoline, and ethanol. Its core product leverages a Software as a Service (SaaS) model, offering buyers the tools necessary to analyze and negotiate fuel purchasing conditions based on margins rather than just prices. The platform is designed for various end-users, including individual fuel retailers, transportation companies, construction firms, agricultural enterprises, and any business that requires internal fuel storage and procurement from distributors or ethanol plants. CombuData operates primarily in the Brazilian market, addressing the needs of clients across diverse sectors by facilitating better purchasing decisions and optimizing operational efficiencies.CombuData generates revenue through a subscription-based model, where clients pay a monthly fee for access to its fuel management platform. This structure allows businesses to utilize the software for analyzing fuel purchases and optimizing costs based on their specific operational needs. The platform also provides tools for logistics cost calculations and compliance monitoring regarding fuel price adjustments. While specific pricing details for subscription tiers are not disclosed, the service is tailored to accommodate varying company sizes, from micro-enterprises to larger corporate conglomerates, ensuring that each client can derive maximum value from their investment in the software. The revenue model supports ongoing development and enhancement of platform functionalities, solidifying CombuData's position within the fuel procurement sector.In light of the BRL 2.8 million raised in May 2020, CombuData plans to enhance its platform capabilities by introducing new functionalities designed to improve user experience and optimize fuel procurement further. The company is also targeting expansion into additional markets within South America, focusing on regions where fuel management is increasingly essential for businesses. By leveraging recent funding, CombuData aims to strengthen its research and development efforts to launch these new offerings and facilitate market entry by the end of 2021.

## Funding rounds

- Seed, May 13, 2020, $0.5M — Canary

## Investors

- Canary (https://capitalatlas.ai/funds/canary) — Seed