# Open Co Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/open-co-group

- Industry: Financial Services
- Headquarters: Sao Paulo, Brazil
- Website: www.open-co.com/en
- Total disclosed funding: $133M
- Latest round: Series D (Dec 15, 2021)
- Investors on record: 9

## About

Based in Sao Paulo, Brazil, and founded in 2020 by CEO and co-founder Rafael Pereira, Open Co Group, a.k.a. Open Co, operates as a financial services company dedicated to providing accessible credit solutions for individuals and small and medium-sized enterprises (SMEs). In February 2024, Open Co Group raised BRL 50 million in venture debt funding led by Empírica Investimentos.

Open Co offers a range of credit products designed to meet the diverse needs of its customers. The company’s offerings include personal loans for individuals looking to manage their finances better and lending solutions for SMEs to support their growth and operations.

The company plans to use its proceeds from February 2024 funding to renew customers and increase its customer base with entry-level products.

## Funding rounds

- Series D, Dec 15, 2021, $106M — [DUP] International Finance Corporation, FJ Labs, LTS Investments, Softbank Latin America Ventures, Raiz Investimentos
- Series C, Mar 24, 2021, $27M — International Finance Corporation, Monashees, Goldman Sachs Asset Management, LTS Investments, Raiz Investimentos, Chromo Invest

## Investors

- International Finance Corporation — Series C
- Monashees (https://capitalatlas.ai/funds/monashees) — Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C
- LTS Investments — Series C, Series D
- Raiz Investimentos — Series C, Series D
- Chromo Invest — Series C
- [DUP] International Finance Corporation — Series D
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series D
- Softbank Latin America Ventures (https://capitalatlas.ai/funds/softbank-latin-america-ventures) — Series D