# ContaAzul Software LTDA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/contaazul-software-ltda

- Industry: Software
- Headquarters: Joinvile, Brazil
- Website: www.contaazul.com
- Total disclosed funding: $30M
- Latest round: Series D (Apr 3, 2018)
- Investors on record: 7

## About

ContaAzul is a Brazilian company specializing in cloud-based Enterprise Resource Planning (ERP) software designed to streamline financial management and automate business operations for small and medium enterprises.Founded in 2011 and headquartered in Joinville, Brazil, ContaAzul Software LTDA offers a comprehensive ERP system for financial management. Led by CEO Vinicius Roveda, the company engaged in a significant pivot by focusing on cloud-based solutions. In April 2018, it raised USD 30 mn in a Series D funding round led by Tiger Global Management, marking the company's fifth financing deal.ContaAzul's primary offering is its cloud-based ERP system tailored for financial management. This platform simplifies financial operations by automating tasks such as customer management, sales tracking, electronic invoice issuance, and bank reconciliation. It is designed to cater to a wide array of clients, including marketing agencies, healthcare clinics, consulting firms, engineering offices, and NGOs, primarily serving the Brazilian market and potentially expanding into other Latin American regions.The company operates on a subscription-based revenue model, providing clients with access to its ERP system and various associated services. ContaAzul benefits from transaction-driven revenue through automated billing processes, enabling clients to manage recurring payments and issue electronic invoices. The firm offers tiered subscription pricing plans to meet diverse business needs, supplemented by additional services such as automated collections and bank reconciliations, further bolstering its revenue streams.ContaAzul plans to leverage its recent funding of USD 30 mn from April 2018 to enhance its product offerings and expand its reach. The company aims to develop new features for its ERP system and is actively exploring opportunities to penetrate additional Latin American markets. The specific timeline for these expansions has not been disclosed, but the firm is focused on utilizing this investment to strengthen its capabilities and grow its customer base.

## Funding rounds

- Series D, Apr 3, 2018, $30M — Tiger Global Management, Endeavor Catalyst
- Series C, Feb 20, 2015 — Monashees, Tiger Global Management, Valar, 500 Global, Ribbit Capital
- Series B, Nov 4, 2013 — Monashees, Valar, Ribbit Capital, Napkn Ventures
- Series A, Jan 7, 2013 — Monashees, 500 Global, Ribbit Capital, Napkn Ventures
- Seed, Oct 31, 2011 — 500 Global

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A, Series C
- Monashees (https://capitalatlas.ai/funds/monashees) — Series A, Series B, Series C
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series A, Series B, Series C
- Napkn Ventures (https://capitalatlas.ai/funds/napkn-ventures) — Series A, Series B
- Valar (https://capitalatlas.ai/funds/valar) — Series B, Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C, Series D
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series D