Brazil’s Micro Mobility Tembici Lands $80 Million Series C

Brazil’s micro mobility Tembici lands Series C financing of $80 led by Crescera Capital, co-led by PIPO Capital and Endeavor Catalyst

Micro mobility Tembici of Brazil lands $80 million Series C financing led by Crescera Capital, co-led by PIPO Capital and Endeavor Catalyst which join existing investors Redpoint eventures, IFC – International Finance Corporation, Valor Capital Group and Igah, Ventures. The contribution, considered the largest investment on electric bicycles from in Latin America.

Tembici is a leader in micro-mobility across Latin America. The mobility startup that operates Banco Itaú‘s well-known bicycle rental plan intends to use the funds for its expansion.

While previous rounds were important to consolidate the product and the business model, this new funding will be allocated to the operation’s growth: increasing the fleet, expanding to other cities, and accelerating Tembici’s new business line, focused on bike delivery according to LABS news.

The Esquires

Brazilian tech savvy Bronstein, Zilberberg, Chueiri & Potenza Advogados acted as legal counsel to Tembici in this transaction with partners Sergio Bronstein and Pedro Chueiri leading the firm’s team.

The firm is a full service law firm based in São Paulo and is highly recognized as one of the top M&A Venture Capital law firms in the country.

Beyond the Law.News was not informed of nor could it verify the name of the law firms representing or acting on behalf of the other parties.