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Brazil's Mottu Closes $50M Series C To Expand Its Last-Mile Logistics Ecosystem

Sep 15, 2023•almost 2 years ago

Amount Raised

$50 Million

Round Type

series c

Sao PauloLogisticsTransportation

Investors

Tiger GlobalBase PartnersMichael MoritzCaravelaEndeavor CatalystBicycle CapitalQed Investors

Description

Mottu, a Brazilian motorcycle rental company and last-mile delivery marketplace, today announced it has raised $50M in a Series C round of funding co-led by QED Investors and Bicycle Capital. Endeavor Catalyst and Caravela also participated in the round. Mottu has secured over $150M in financing since its inception. The latest funding round has attracted world class investors, further enhancing Mottu's cap table that boasts notable names like Michael Moritz, Base Partners, and Tiger Global.

Company Information

Company

Mottu

Location

Sao Paulo, Sao Paulo, Brazil

About

Mottu is the #1 startup in motorbike rental business in Brazil. We strive to empower the Brazilian population in order to make a living through delivering goods. We take care of everything, from maintenance to 24/7 support, delivering the most satisfying experience to our customer. We leverage our operation on proprietary technology, looking to become the next big thing, one motorbike at a time.

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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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