# Kyte Software Technology LTDA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kyte-software-technology-ltda

- Industry: Internet
- Headquarters: Brazil
- Website: www.kyte.com.br
- Total disclosed funding: $1M
- Latest round: Seed (Mar 9, 2021)
- Investors on record: 3

## About

Kyte Software Technology LTDA specializes in providing integrated sales and inventory management solutions for small to medium-sized retailers and entrepreneurs, enhancing operational efficiency through effective point of sale (POS) technology.Founded in 2017 in Santa Catarina, Brazil, Kyte Software Technology LTDA develops sales and inventory management systems tailored to the needs of retailers. The company has successfully engaged in one funding deal, raising BRL 5.5 million in a SEED round on March 9, 2021, led by DGF Investments and supported by Caravela Capital and Honey Island Capital. The founder, Guilherme Hernandez, has prior entrepreneurial experience, though details about other ventures are not available.Kyte offers an integrated sales and inventory management system designed specifically for small to medium-sized retailers and entrepreneurs. The core product is a Point of Sale (POS) system that operates seamlessly across devices such as computers, tablets, and smartphones, enabling effective management of online and offline sales. This platform allows merchants to track inventory, manage customer orders, and analyze sales data in real time, addressing common challenges such as inventory discrepancies and multi-channel sales. Kyte's services are particularly beneficial for businesses in sectors including restaurants, retail apparel, and food services, streamlining stock management and customer interactions through a unified interface. The solutions are marketed across various geographical areas, focusing on flexibility and compatibility with popular payment methods, primarily targeting the Latin American market.Kyte generates revenue through a subscription-based model, offering several pricing plans to cater to different business needs. Their flagship services include the PRO, GROW, and PRIME plans, each providing varying levels of functionality such as mobile and web access, product import features, and AI-enhanced capabilities for product descriptions. The subscription plans are designed to accommodate varying scales of operations, with fees that reflect the functionality provided. Customers can choose between monthly and annual subscription options, with discounts available for annual plans, facilitating both Business-to-Business (B2B) and Business-to-Consumer (B2C) sales.Following the successful SEED funding of BRL 5.5 million on March 9, 2021, led by DGF Investments, Kyte Software Technology LTDA plans to utilize the capital to expand its operations and customer base globally. The growth strategy focuses on three key areas: team expansion, increased marketing investment, and the development of new features for its application. The company is also exploring potential new products to enhance its service offerings and aims to expand into additional markets within Latin America by the end of 2023.

## Funding rounds

- Seed, Mar 9, 2021, $1M — DGF Investments, Honey Island Capital, Caravela Capital

## Investors

- DGF Investments (https://capitalatlas.ai/funds/dgf-investments) — Seed
- Honey Island Capital (https://capitalatlas.ai/funds/honey-island-capital) — Seed
- Caravela Capital (https://capitalatlas.ai/funds/caravela-capital) — Seed