Ruedata, a Bogota, Colombia-based fleet management startup, raised $2 million in seed funding.
Investors
The round was led by Barn Investimentos, with participation from New Ventures Capital, Fondation Botnar, Avalancha Ventures, Venture Do, Helene Ventures, Orca Climate Fund, Flecha Amarilla Ventures, Grupo Huerpel, and Enlaces.
Founded in 2012, Barn Investimentos is a venture capital firm based in Sao Paulo, Brazil. The firm is dedicated to early-stage (Seed and Series A) investments in the Brazilian and Latin American markets. The firm prefers to invest in companies that utilize green technologies that improve efficiency, reduce waste, mitigate emissions, and facilitate climate adaptation in Latin America.
Ruedata Use of Funds
The company will use the funds to expand its team and to develop a marketplace that facilitates tire purchases, connecting fleet managers to vehicle repair and tire shops.
About Ruedata
Founded in 2017, Ruedata is a data management company offering a SaaS platform that provides fleet managers with insights to optimize tire consumption and reduce the carbon footprint of vehicles such as cargo trucks and buses. The company's software uses data analysis technology and automated learning algorithms to offer maintenance, compliance planning, and abnormal wear and cost overrun data. Ruedata operates in Latin America and the US.
Funding Details
Company: Ruedata SAS
Raised: $2.0M
Round: Seed Round
Funding Month: May 2024
Lead Investors: Barn Investimentos
Additional Investors: New Ventures Capital, Fondation Botnar, Avalancha Ventures, Venture Do, Helene Ventures, Orca Climate Fund, Flecha Amarilla Ventures, Grupo Huerpel, Enlaces
Company Website: https://ruedata.com/
Software Category: Fleet Management
Source: https://latamlist.com/ruedata-raises-2m-seed-round/