# Tembici Participacoes

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tembici-participacoes

- Industry: Transportation Services
- Headquarters: Sao Paulo, Brazil
- Website: www.tembici.com.br
- Total disclosed funding: $128M
- Latest round: Series C (Sep 30, 2021)
- Investors on record: 10

## About

Tembici Participacoes SA, based in Brazil, specializes in providing bike-sharing systems aimed at enhancing urban mobility and promoting sustainable transportation solutions through innovative bicycle access.Founded in 2010 in São Paulo, Brazil, Tembici Participacoes SA operates a bike-sharing service that facilitates urban mobility. The company raised USD 23.00 mn in funding on December 4, 2023, co-led by IDB Invest and U.S. International Development Finance Corporation, which will support its expansion efforts. The company is co-founded by Bruno Morano and Mauricio Villar, with Tomás Martins serving as CEO.Tembici's core offerings revolve around a comprehensive bike-sharing system designed to facilitate urban mobility through bicycles. The company provides electric and traditional bicycles accessible via a mobile application, promoting sustainable transportation. Users can track ride duration and experience convenience with integrated mobility solutions across major cities in Brazil, including São Paulo, Rio de Janeiro, and Belo Horizonte, as well as in Buenos Aires, Argentina, and Santiago, Chile.Tembici generates revenue primarily through its bike-sharing service, operating on a transactional basis. In 2021, the company reported zero revenue with an EBITDA of USD -11,527,157.20. Customers can choose between single-ride payments or subscription models for unlimited rides. Partnerships with local governments expand Tembici’s reach, while collaborations, such as with iFood for deliveries, create additional revenue streams.In December 2023, Tembici Participacoes SA raised USD 23.00 mn in venture funding, which will be utilized to expand its bike-sharing services throughout Latin America. The company is focused on launching new bicycle offerings to enhance user experience and accessibility in targeted markets.

## Funding rounds

- Series C, Sep 30, 2021, $78M — International Finance Corporation, Crescera Capital, Valor Capital Group, Endeavor Catalyst, Igah Ventures, Redpoint eVentures, Blue Like An Orange Sustainable Capital, Pipo Saúde Tecnologia Consultoria E Corretagem De Seguros Sa
- Series B, Jun 3, 2020, $50M — Valor Capital Group, [DUP] International Finance Corporation, Redpoint eVentures, Joá Investimentos

## Investors

- Valor Capital Group (https://capitalatlas.ai/funds/valor-capital-group) — Series B, Series C
- [DUP] International Finance Corporation — Series B
- Redpoint eVentures (https://capitalatlas.ai/funds/redpoint-eventures) — Series B, Series C
- Joá Investimentos — Series B
- International Finance Corporation — Series C
- Crescera Capital (https://capitalatlas.ai/funds/crescera-capital) — Series C
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series C
- Igah Ventures (https://capitalatlas.ai/funds/igah-ventures) — Series C
- Blue Like An Orange Sustainable Capital — Series C
- Pipo Saúde Tecnologia Consultoria E Corretagem De Seguros Sa — Series C