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Cervello raised $2.2M in a funding round led by E3 Innovation to strengthen its position in the ESM market in Brazil and expand across Latin America.

Nov 11, 2024•8 months ago

Amount Raised

$2.2 Million

Round Type

seed

Sao PauloArtificial Intelligence

Investors

Mont CapitalE3 Innovation

Description

Cervello raised a $2.2M funding round led by E3 Innovation, with participation from Mont Capital. The company offers low-code, customizable ESM solutions and plans to use the funds to expand its market presence.

Company Information

Company

Cervello

Location

Sao Paulo, Sao Paulo, Brazil

About

Cervello is a Brazilian Enterprise Service Management (ESM) company that specializes in low-code, customizable solutions for various sectors including IT, HR, finance, and legal. Founded in 2014, Cervello positions itself as a cost-effective alternative to international leaders in the ESM market. The company aims to expand its presence across Latin America leveraging its innovative products.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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