Conta Simples Raises $41.5M In Series B Funding Led By Base10 Partners

Brazilian expense management and corporate card company Conta Simples has raised $41.5 million in a Series B funding round. The funding round was led by Base10 Partners, with participation from existing investors including Y Combinator, Valor Capital Group, JAM Fund, DOMO.VC, Broadhaven Capital Partners, big_bets, and Base10 Partners. The round also saw Base10 managing partner TJ Nahigian joining Conta's board. Conta Simples, led by CEO Rodrigo Tognini and CFO Taeli Klaumann, achieved breakeven status in 2023 and obtained a license from the Brazilian Central Bank as a Direct Credit Society. The company currently has 30,000 active users and has issued 500,000 corporate credit cards. The funding will be utilized to expand the team, enhance features, and target mid-level and small enterprises.

Summary of transaction details

• Company: Conta Simples
• Investors: Y Combinator, Valor Capital Group, JAM Fund, DOMO.VC, Broadhaven Capital Partners, big_bets, Base10 Partners
• Round: Series B
• Amount: $41,500,000

Base10 Partners led the Series B funding round for Conta Simples, with participation from existing investors including Y Combinator, Valor Capital Group, JAM Fund, DOMO.VC, Broadhaven Capital Partners, big_bets, and Base10 Partners. The round also welcomed TJ Nahigian, managing partner at Base10, to Conta's board. CEO Rodrigo Tognini and CFO Taeli Klaumann have successfully guided Conta Simples to achieve breakeven status and secure a license from the Brazilian Central Bank. With 30,000 active users and 500,000 corporate credit cards issued, Conta Simples plans to use the funding to expand its team and enhance its features, aiming to target mid-level and small enterprises.