Participated · Series B · Jun 2023

Asaas develops financial automation and business-management solutions targeted at SMEs, aiming to simplify payments, collections, receivables, and related workflows. The company plans to define a new category it calls the Business Operating System, merging automation, technology, and financial services for SMEs. Proceeds from its latest round will fund expansion of operations, increased R&D, and accelerated inorganic growth via acquisitions to broaden its solution portfolio. Asaas positions itself as the largest financial-technology solution provider for Brazilian SMEs and has attracted international investors for the first time. It reports roughly R$150 million raised across seed, Series A, and Series B over the past decade and average growth of over 100% per year in the last five years. Asaas expects to close 2024 with R$400 million in revenue and 180,000 active customers, and targets over R$1 billion in annual revenue by 2026 and R$2 billion by 2027. Asaas focuses on accounts for PMEs and on anticipating receivables from credit cards and boletos to improve clients' cash flow. Its core products include business accounts and a receivables-anticipation operation for card and boleto flows. In the past 12 months the company transacted R$15 billion in total volume, including R$1 billion in credit-card transactions, and it currently serves 120,000 corporate clients (PJ). Since 2014 Asaas has received more than R$200 million in investments, comprising both financial injections and FIDCs. The company plans to grow its customer base by about 66% by year-end and targets R$1 billion in revenue and 1 million customers within three years. Other series of its funds are expected after a four-month regulatory lock-up, and management aims to accelerate receivables anticipation by over 60% by year-end. Asaas is a Brazilian fintech providing a complete digital account and automation tools to help businesses manage finance processes. Its core product focuses on payment, billing and financial automation and the company is expanding BaaS offerings for larger operations. Asaas is already profitable and intends to fund much of its growth from internal cash generation. It holds Banco Central authorizations for IP (Instituição de Pagamentos) and SCD (Sociedade de Crédito Direto), which management says increases client trust. In 2021 Asaas acquired Base ERP and Code Money to broaden its product portfolio and improve automation capabilities. Management aims to reach R$1 billion in revenue and 1 million customers within three years and plans geographic and product expansion. The company has signaled a future IPO as part of its long-term strategy.

Participated · Series B · Dec 2022

Docket offers a SaaS platform that automates operations reliant on documents, providing infrastructure to optimize processes from due diligence through formalization. The solution centralizes operations across locations and is used by more than 150 large companies. The company reports doubling in size each year and is reinforcing its leadership team with senior hires. Management says the market has accelerated adoption of SaaS and plans to further improve deliveries to partners. The recent financing will be used to consolidate growth strategy, increase operational efficiency, and attract new executives. Docket provides a subscription SaaS platform that automates document search, issuance, payment, quality control and pre-analysis for companies using AI and machine learning to speed validation. The platform gives customers visibility into each stage of the document process and notifies users when files are available for download. Docket targets large enterprises across more than 20 industry segments, including financial services, agribusiness, construction, retail, energy and telecom. Its technology is used to streamline operations such as credit approvals, due diligence, property development, certificate control and tax compliance. The company operates a monthly subscription model and positions its product to reduce operational costs and free teams for more strategic tasks. Founded in 2016, Docket says its mission is to desburocratize processes across Brazil and improve operational efficiency for corporate customers.