Tako, a São Paulo, Brazil-based HR tech startup, has emerged from stealth with a $13.2 million seed funding.
Investors
The round was co-led by Ribbit Capital and Andreessen Horowitz, alongside ONEVC and the founders of Ramp.
Founded in 2012, Ribbit Capital is a venture capital firm based in Palo Alto, California, that invests in early-stage companies. The firm seeks to invest in IT, financial services, mobile, insurance technology, and cryptocurrency sectors based in the United States, East Asia, the United Kingdom, Brazil, and the Indian regions.
Andreessen Horowitz (a16z) is a venture capital firm known for backing bold entrepreneurs building the future through technology. The firm invests in companies across various stages, from seed to growth, and across multiple sectors. a16z manages $43 billion in assets across multiple funds.
Tako Use of Funds
The funding will fuel R&D and expand Tako’s team, with plans to grow its features and explore areas like employee benefits and instant payments.
About Tako
Founded by Fernando Gadotti, Tako provides an employee life cycle platform designed to simplify and automate tasks like payroll, onboarding, and employee management. It consolidates employee information into a centralized system. The company uses large language models (LLMs) to adapt to Brazil's frequently updated labor and union laws. Tako officially launched in 2023 and targets mid-market white-collar businesses in professional and financial services.
Funding Details
Company: Tako
Raised: $13.2M
Round: Seed Round
Funding Date: November 2024
Lead Investors: Ribbit Capital, Andreessen Horowitz
Additional Investors: NEVC, the founders of Ramp
Company Website: https://www.usetako.com/
Software Category: Payroll and HR
Source: https://techcrunch.com/2024/11/11/brazilian-fintech-tako-emerges-from-stealth-with-sizable-seed-round-led-by-a16z-and-ribbit-capital/