Flash Secures Over $250 Million In Round Led By Vista Equity Partners To Advance Connected Mobility Ecosystem
Flash Secures Over $250 Million In Round Led By Vista Equity Partners To Advance Connected Mobility Ecosystem
03/16/22, 12:00 PM
Location
são pauloMoney raised
$250 million
FLASH (or “the Company”), the leader in cloud parking software and mobility transformation, today announced a $250+ million strategic investment led by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. Vista is joined by existing lead investor L Catterton, other prior investors, and management. The minority investment will be used to expand FLASH’s mobility operating system and payments platform, extend digital services, and invest substantially in talent to support FLASH’s exceptional growth.
Company Info
Location
são paulo, pará, brazil
Additional Info
Even with all its early success, Flash has just a 1% market share so believes “there’s plenty of room to grow.” And, it views itself as “much more of a horizontal play than a geographical play. Founded in 2019 by childhood friends Ricardo Salem, Guilherme Lane and Pedro Lane, Flash is out to revamp what it views as an antiquated way of offering benefits to employees in South America’s largest country.