Tech Company Financing Transactions
Yellow Funding Round
Yellow closed a $14 million Series B venture capital round on 6/19/2023. Backers included Convergence Partners, Platform Investment Partners and Triple Jump.
Transaction Overview
Company Name
Announced On
6/19/2023
Transaction Type
Venture Equity
Amount
$14,000,000
Round
Series B
Investors
Proceeds Purpose
The newly injected capital is being used to leverage more debt finance to reach more customers with financed smartphones and solar systems. While the business will broaden its product offering to include other mobile financial services, growth will be fueled primarily by deepening our expertise in our existing product categories.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Rua Lourenco Marques 297 Vila Olimpia
Sao Paulo, 04547-100
Brazil
Sao Paulo, 04547-100
Brazil
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Founded by a group of passionate entrepreneurs, Ariel and Renato, founders of 99 and Eduardo Musa, former owner and CEO of Caloi, Yellow is the first brazilian dockless bicycle-sharing platform that is operated via an online mobile app. We will enable users to hire a bicycle anytime and anywhere.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Eduardo Musa
Chief Technical Officer
Ricardo Oliveira
Co-Founder
Renato Freitas
Founder
Ariel Lambrecht
VP - Operations
Leila von Dreifus
Browse more venture capital transactions:
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