Onfly Raises $40M Series B to Digitize Corporate Travel Across Latin America [Yahoo! Finance Canada]
VTEX Class A Common Shares (VTEX)
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Source: Yahoo! Finance Canada
SAN FRANCISCO and SÃO PAULO April 15, 2025 /PRNewswire/ -- , the largest B2B travel tech company in Latin America , today announced it has secured $40 million in Series B funding led by Tidemark, marking the firm's first investment in Latin America . The round also included participation from Endeavor Catalyst and New York -based Left Lane Capital, which previously co-led Onfly's Series A round with the Brazilian fund Cloud9 Capital. Founded in 2018, Onfly's platform digitizes and streamlines corporate travel and expense management for more than 2,000 companies, including Vivara, PicPay, Hotmart, and Vtex. The company will use the new capital to accelerate its technology development with a focus on AI integration, expand its marketing and sales efforts, and international growth, reinforcing the expansion into Mexico that began last year. "This funding is a major milestone for Onfly and opens a new chapter in our journey," said Marcelo Linhares , CEO and co-founder of Onfly. "Corp
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