# DRIC

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

- Industry: Software
- Headquarters: Rio De Janeiro, Brazil
- Website: www.dric.com.br
- Latest round: Seed (Nov 17, 2020)
- Investors on record: 1

## About

DRIC specializes in digital technology solutions, providing software and services that enhance operational efficiency and improve data management for businesses across various sectors.Founded in 2019 in Rio de Janeiro, Brazil, DRIC delivers digital solutions aimed at improving business operations. The firm has engaged in 2 deals to date, with the most recent deal occurring on April 27, 2021. They raised USD 3.5 mn in funding from FJ Labs and other investors, bringing their total amount raised to USD 3.5 mn. The company is led by CEO Ricardo Fioravante, with founders Alexandre Motta, Rafael Sarmento, and Rodrigo Lisboa.DRIC provides advanced digital technology solutions, including data analytics tools and cloud-based services that enhance operational efficiency and facilitate collaboration. Their offerings target industries such as finance, healthcare, and manufacturing, addressing critical challenges related to data handling and operational agility.The revenue model is predominantly B2B, involving partnerships that grant clients access to DRIC's suite of products and services. Revenue is generated through subscription fees for software-as-a-service (SaaS) offerings and licensing agreements for proprietary technology, with pricing plans tailored to meet diverse customer needs.Following their recent funding round in April 2021, which raised USD 3.5 mn, DRIC plans to enhance its research and development capacity and expand operations in key markets, particularly focusing on Brazil, Europe, and the U.S. The company aims to strengthen its future business lines and is also set to welcome Alec Oxenford to its board.

## Funding rounds

- Seed, Nov 17, 2020 — FJ Labs

## Investors

- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed