# Galgo

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

- Industry: Financial Services
- Headquarters: Santiago, Chile
- Website: www.galgo.com/
- Total disclosed funding: $30M
- Latest round: Series A (Mar 29, 2022)
- Investors on record: 2

## About

Galgo, based in Chile, specializes in the sale of motorcycles, focusing on providing tailored transportation solutions across Latin America, including Peru, Mexico, Colombia, and Chile.Founded in 2018 in Santiago, Chile, Galgo operates in the motorcycle sales sector, catering to various consumer segments. The company has secured funding through a recent deal, raising USD 40.00 mn led by Nazca Capital with participation from several investors. The founding team includes Benjamín Moore, Ignacio Canals, Natalia Aristizábal, Salvador Ferré, and Sebastian Ayub, while Diego Fleischmann serves as CEO. Galgo has completed a total of 8 deals, with its most recent deal occurring on November 13, 2024.Galgo specializes in the sale of new motorcycles across several Latin American markets, primarily focusing on Peru, Mexico, Colombia, and Chile. The company's core offerings include a diverse range of motorcycles tailored for various consumer segments, from urban commuters to off-road enthusiasts. Galgo aims to address the transportation needs of its clientele by providing efficient and reliable motorcycle solutions, thereby promoting mobility in urban environments. The company serves a broad customer base that includes individual consumers, as well as businesses seeking fleet solutions for delivery and logistics purposes. With established offices in major cities such as Santiago, Lima, Bogotá, and Mexico City, Galgo executes its sales strategy by catering to the specific demands of each geographical market.Galgo generates revenue through direct sales of motorcycles to consumers and businesses, leveraging a retail model that allows customers to purchase their products in-store or through an online marketplace. The company employs a straightforward transaction structure, where consumers can choose from an array of motorcycle models, complete the purchase, and receive their vehicles either immediately or after a specified delivery period. Additionally, Galgo offers financing options, facilitating affordability for buyers while encouraging higher sales volumes. The revenue model is bolstered by promotional campaigns and partnerships, which enhance visibility and consumer engagement. The pricing of motorcycles is structured to appeal to different market segments, reflecting the value and features of each model offered.Galgo is focused on future growth through the design and launch of new motorcycle models, although specific details on release dates have not been disclosed. The company plans to expand into additional markets beyond its current operations, with targeted geographical regions to include further penetration into Latin America. Recent venture debt funding of USD 2.00 mn raised in November 2024 from Kiva will support these initiatives, allowing Galgo to invest in product development and market expansion efforts.

## Funding rounds

- Series A, Mar 29, 2022, $30M — Kayyak Ventures
- Series A, Jun 4, 2020 — FenVentures

## Investors

- FenVentures (https://capitalatlas.ai/funds/fenventures) — Series A
- Kayyak Ventures (https://capitalatlas.ai/funds/kayyak-ventures) — Series A