Gvfu Remote-work boom powers Firstbase to $50M Series B
Base10 Partners led the round and was joined by Conta s Series A investors, including Valor Capital, Jam Fund, Y Combinator, Big Bets, Broadhaven and DOMO. As part of the investment, Base10 managing partner TJ Nahigian joined Conta s board.The new funding comes as company executives Rodrigo Tognini, CEO, and Taeli Klaumann, CFO, tell TechCrunch that 2023 was the best year for Conta Simples. It ended the year reaching breakeven and obtained a license from the Brazilian Central Bank to operate as a Direct Credit Society. This means the financial services company can do more with credit, digi
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ounts and payments.To date, Con
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ta Simples has 30,000 active users and has issued 500,000 physical and digital corporate credit cards for a total payment volume of R$18 billion, or roughly $3 billion, Tognini said. Over the past year, we grew in terms of revenue, almost 3x year over year, Tognini added. We also went from a negative margin to breakeven, and I think was one of the main reasons Jcjo Menu Bird Demo
Vertex raised $210 million for its previous fund two years
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ago, and this new vehicle is expected to make a final close over the coming few months with more capital expected to roll in. If you care about numbers, this fund聽may be the largest dedicated to Southeast Asia, although pedan
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ts would point out that the Vertex allocation also includes a focus on India, echoing the trend of funds bridging the two regions. There are also Singapore-based global funds that have raised more; for exampl
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e, B Capital from Facebook co-founder Eduardo Saverin.Back to Vertex; it worth recalling that the firm third fund was its first to raise from outside investors having previously taken capital from parent Temasek. Managing partner Chua Kee Lock told Bloomberg that most of those LPs signed on for fund four, including Taiwan-based Cathay Life Insurance. Vertex said in a press release that it welcomed some new backers, but it did not provide names.The firm has offices in Singapore, J