# Gringo - The Driver's Best Friend LTDA.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gringo-the-driver-s-best-friend-ltda

- Industry: Software
- Headquarters: Sao Paulo, Brazil
- Website: www.gringo.com.vc
- Total disclosed funding: $80M
- Latest round: Series C (Sep 27, 2023)
- Investors on record: 9

## About

Gringo, based in Sao Paulo, Brazil, provides innovative vehicle management solutions through a comprehensive Super App, streamlining payment and management of tolls, taxes, and vehicle documentation for drivers.Founded in 2019 in Sao Paulo, Brazil, Gringo specializes in vehicle management services. The company was established by Caique Carvalho and Rodrigo Colmonero, who have a history of entrepreneurship. Gringo has successfully raised a total of BRL 70.00 mn through its latest funding round, Series C, led by Moore Capital Management, marking a pivotal moment in its growth. As of January 2025, Gringo entered a transaction for acquisition by Sem Parar, aiming to integrate its platform into broader business initiatives.Gringo offers a comprehensive suite of services designed to simplify vehicle management for drivers, primarily through its Super App platform. The core offerings include the management and payment of electronic toll fees, vehicle taxes such as IPVA (Imposto sobre a Propriedade de Veículos Automotores), and licensing. Users can also access their driver's license and vehicle documentation, receive notifications for upcoming payments, and benefit from personalized protection plans for their vehicles. These services aim to help customers avoid fines and manage their vehicle-related expenses efficiently. The customer base primarily consists of vehicle owners across various Brazilian states, including São Paulo, Rio de Janeiro, and Minas Gerais, who benefit from the app's functionalities to streamline their vehicular obligations.Gringo generates revenue through transaction-based services that facilitate the payment of vehicle-related fees and taxes for its users. Clients interact with the platform primarily on an app-based model, where they can select payment options for their IPVA and licensing fees, including one-time payments or installment plans. The app supports various payment methods such as Pix, boleto, and credit card transactions, with the potential to extend payments up to 12 months. The company’s revenue structure emphasizes direct consumer engagement, enabling vehicle owners to manage their financial obligations efficiently while leveraging Gringo’s offerings as an essential tool for maintaining compliance with vehicle regulations. Through these services, Gringo positions itself as a key player in the Brazilian market for vehicle management solutions.In January 2025, Sem Parar agreed to acquire Gringo - The Driver's Best Friend LTDA. The rationale for this transaction is to integrate Gringo's application platforms into Sem Parar's business initiatives. Gringo aims to enhance its service offerings and expand its reach within the Brazilian market.

## Funding rounds

- Series C, Sep 27, 2023, $30M — Kaszek Ventures, Piton Capital, Valor Capital Group, ONEVC, ICU Ventures, VEF, Actyus
- Series B, Mar 17, 2022, $40M — Kaszek Ventures, Piton Capital, Global Founders Capital, ONEVC, VEF, Scale-Up Ventures, Actyus
- Series A, Oct 27, 2021, $8M — Kaszek Ventures, Global Founders Capital, ONEVC
- Seed, Sep 1, 2020, $2M — Kaszek Ventures

## Investors

- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Seed, Series A, Series B, Series C
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A, Series B
- ONEVC (https://capitalatlas.ai/funds/onevc) — Series A, Series B, Series C
- Piton Capital (https://capitalatlas.ai/funds/piton-capital) — Series B, Series C
- VEF (https://capitalatlas.ai/funds/vef) — Series B, Series C
- Scale-Up Ventures (https://capitalatlas.ai/funds/scale-up-ventures-2) — Series B
- Actyus (https://capitalatlas.ai/funds/actyus) — Series B, Series C
- Valor Capital Group (https://capitalatlas.ai/funds/valor-capital-group) — Series C
- ICU Ventures — Series C