Azevedo mexicobased 20m series azevedotechcrunch Technologies, a Mexico-based startup, has raised $20 million in Series A funding to help businesses keep an eye on their supply chains. The round was led by Valor Equity Partners, with participation from FirstMark Capital, Omidyar Network, and Kapor Capital.
1.Mexican startup Azevedo Technologies raises $20M Series A
Mexico-based startup Azevedo Technologies has raised a $20 million Series A round of funding led by Accel Partners, with participation from seed investors including Kapor Capital, Boost VC, and Y Combinator.
Founded in 2015, Azevedo is developing a cloud-based platform that aims to make it easier for businesses to manage their supply chains. The startup says that its software can help companies track inventory levels, automate the ordering of goods, and predict demand.
Azevedo says that it will use the new funding to expand its team and continue to develop its platform. The startup is also planning to launch a pilot program with a number of companies in the near future.
Accel partner Sameer Gandhi, who is joining Azevedo’s board as part of the new funding, said in a statement that the startup has the potential to “revolutionize” the way businesses manage their supply chains.
“Azevedo’s team has built an impressive platform that has the potential to revolutionize the way businesses manage their supply chains,” said Gandhi. “We’re excited to partner with them as they continue to grow and scale their business.”
2.What does Azevedo Technologies do?
Azevedo Technologies is a Mexican-based company that provides software development and IT services to businesses. The company was founded in 2013 by brothers Rodrigo and Bruno Azevedo.
The company offers a wide range of services, including web and mobile app development, e-commerce solutions, digital marketing, and more. Azevedo Technologies has a team of skilled professionals who are dedicated to helping businesses grow and succeed.
The company has worked with a number of well-known businesses, including Coca-Cola, Walmart, and Nissan. Azevedo Technologies is committed to providing quality services and solutions that help businesses reach their goals.
3.Why did they raise money?
The Mexican startup Azevedo raised $20 million in Series A funding led by Accel, with participation from existing investors including Sequoia Capital, The Venture City, and AngelList.
Azevedo is a B2B e-commerce platform that helps businesses streamline their procurement process by providing a marketplace of suppliers, as well as tools for managing orders and payments.
The startup was founded in 2015 by CEO Rodrigo Azevedo and COO Francisco Diaz, and it has raised a total of $32 million to date.
The new funding will be used to expand Azevedo’s team and product offerings, as well as to grow its presence in Latin America.
Azevedo is one of a number of B2B e-commerce startups that have raised funding in recent years, as the sector continues to attract attention from investors.
4.How will they use the funds?
Azevedo Technologies, a Mexico-based startup that provides software to help businesses automate their operations, has raised $20 million in Series A funding.
The round was led by Accel, with participation from AngelList, Founder.org, and the Y Combinator Continuity Fund.
Azevedo was founded in 2015 by CEO Rodrigo Azevedo and CTO Gustavo Fonseca, who met while working at the Mexican online marketplace MercadoLibre.
The startup’s software helps businesses automate their back-office mexicobased 20m series azevedotechcrunch operations, including accounting, HR, and compliance.
Azevedo says that it has more than 1,000 customers, mexicobased 20m series azevedotechcrunch including startups and large enterprises such as Coca-Cola, Honda, and Walmart.
The company plans to use the new funding to expand its team and its product offerings.