Brazilian, Contabilizei, closed USD $20M Series C Round

Our goal is to simplify the entrepreneur’s routine so they can focus on their own business and not on bureaucracy.

Vitor Torres, Contabilizei’s CEO

Contxto – The Brazilian accounting and tax platform for entrepreneurs and small business owners raised a USD $20M Series C round led by Point72 Ventures.

Contabilizei is a Software as a Service startup that aims to replace traditional accountants through automation technology for tasks such as Tax Filing and Accounting.

The company founded in Sao Paulo, back in 2013, already has 200 employees and 10,000 customers from all around their home country.

Vitor Torres, the company’s CEO, says their objective is set for a US IPO, and they’ve already diverted some potential acquisition deals in order to reach the public markets.

Point72 Ventures led this round joined by new investors such as the International Financial Corp., Quona Capital, Quadrant, and the Fintech Collective; as well as some previous investors, including Kaszek Ventures,  e.Bricks Ventures, Endeavor Catalyst, and Curitiba Angels.

We are only at the beginning, and in three years we want to grow 15 times more…

Vitor Torres, Contabilizei’s CEO

The company had helped a large amount of SME’s save over USD $50M in accounting fees so far. These businesses can save up to 80% in monthly fees while still complying with governmental policies.

– VC