Advolve AI, a Brazil-based startup that automates digital marketing processes, has raised $5 million in seed funding.
Investors
The round was led by Canary, with participation from Valor Capital and Prosus Ventures (Prosus' VC arm and owner of iFood).
Canary is a venture capital firm specializing in early-stage investments, primarily focused on Latin American startups. Founded in 2017 and headquartered in São Paulo, Brazil, Canary provides funding, strategic guidance, and a robust network to help startups scale effectively.
Advolve AI Use of Funds
The company will use the funds for international expansion, team growth, and technological advancements.
About Advolve AI
Founded in late 2023 by João Sobreira, Djary Veiga, and João Paulo Marinho Martins, Advolve AI provides a marketing platform designed to optimize performance marketing through automation. The company leverages generative AI and machine learning to automate and optimize digital marketing campaigns, from content creation to audience targeting and campaign optimization. It also provides intelligent insights by cross-referencing data from every campaign stage. Advolve AI clients include iFood and Cogna Educação.
Funding Details
Company: Advolve AI Ltda
Raised: $5.0M
Round: Seed
Funding Date: February 2025
Lead Investor: Canary
Additional Investors: Valor Capital, Prosus Ventures
Company Website: https://advolve.ai/
Software Category: Marketing Automation
Source: https://startupi.com.br/advolve-ai-capta-30-milhoes-internacionalizar/