Kovi Tecnologia Ltda.
Latest round
- Series B
Last raised
- Aug 2021
Total raised
- $145M
Investors
- 12
About Kovi Tecnologia Ltda.
Based in Sao Paulo, Brazil, Kovi Tecnologia Ltda. was founded in 2018 by co-founders Adhemar Milani Neto and Joao Costa. The company is a developer of a ridesharing and delivery driver-focused online automobile rental network. In August 2021, Kovi Tecnologia Ltda.ventures, and Uber Ltd fully acquired Kovi Tecnologia Ltda. for an undisclosed amount. Completion is subject to customary closing conditions. By collaborating with manufacturers and traditional vehicle rental businesses while delivering an online on-demand rental platform, the company works on an asset-light strategy, allowing customers to enjoy flexible, convenient, and cost-effective travel and commutes. The company generates revenue by charging customers a fee for renting a car per week. The company's ARR (annual recurring revenue) as of 2021 is at USD 45 million and rising at least 15% month over month. The company plans to add 20,000 cars by the end of 2021. Kovi intends to invest part of its new funds in the development of new financial services and products. The firm also intends to expand its 700 person workforce by adding developers, software engineers, and data scientists.
Who invested in Kovi Tecnologia Ltda.
12 investors across 3 rounds
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Questions about Kovi Tecnologia Ltda.
Who invested in Kovi Tecnologia Ltda.?
Kovi Tecnologia Ltda. has 12 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Kovi Tecnologia Ltda. raised?
Kovi Tecnologia Ltda. has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Kovi Tecnologia Ltda. last raise money?
Kovi Tecnologia Ltda.'s most recent round on record is a Series B, in Aug 2021.
What does Kovi Tecnologia Ltda. do?
Based in Sao Paulo, Brazil, Kovi Tecnologia Ltda.
Where is Kovi Tecnologia Ltda. headquartered?
Kovi Tecnologia Ltda. is headquartered in Sao Paulo, Brazil.
Which VCs invest in companies like Kovi Tecnologia Ltda.?
Among active investors with capital left to deploy, Crescera Capital, Kaszek Ventures, Anti Fund and Kinea Investments back transportation services companies at Kovi Tecnologia Ltda.'s stage. Their profiles are linked below.
VCs backing transportation services startups at Series B
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