# Grupo R5 Limitada

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grupo-r5-limitada

- Industry: Financial Services
- Headquarters: Bogota, Colombia
- Website: www.grupor5.com
- Total disclosed funding: $7M
- Latest round: Seed (May 18, 2022)
- Investors on record: 5

## About

Grupo R5 Limitada is focused on providing digital solutions for vehicle owners in Colombia, specializing in the sale of mandatory vehicle insurance and additional management services.Grupo R5 Limitada, founded in 2018 in Bogotá, Colombia, specializes in digital solutions for vehicle insurance, particularly the mandatory SOAT. The company successfully completed its most recent funding round on May 18, 2022, raising USD 7 mn in Seed funding, led by Global Founders Capital with participation from Accion, Carao Ventures, Endeavor Catalyst, and Magma Partners. The firm was established by founders Fernando Sucre and Pablo Armida. It has completed a total of 2 deals to date.Grupo R5 delivers a user-friendly platform for vehicle owners in Colombia, primarily offering the mandatory SOAT. Their services include vehicle monitoring, historical data management, and price alerts, catering to private vehicle owners, motorcycle operators, and businesses. The platform operates mainly in urban areas such as Bogotá, Medellín, Cali, and Bucaramanga, focusing on the specific vehicle management needs in these cities.For the year 2023, Grupo R5 reported a revenue of USD 5,752,116,209.30 and an EBITDA of USD -1,037,449,353.50, underscoring the company's financial performance in the digital insurance market.Following the Seed funding round in May 2022, amounting to USD 7 mn, Grupo R5 intends to utilize the funds for global expansion and enhancing financial health offerings in Latin America. The company aims to develop new products tailored for specific markets and regions, although specific release dates or targeted markets have not been disclosed.

## Funding rounds

- Seed, May 18, 2022, $7M — Accion, Endeavor Catalyst, Global Founders Capital, Carao Ventures, Magma Partners

## Investors

- Accion (https://capitalatlas.ai/funds/accion) — Seed
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Carao Ventures (https://capitalatlas.ai/funds/carao-ventures) — Seed
- Magma Partners (https://capitalatlas.ai/funds/magma-partners) — Seed