Business

Brazilian startup Resultados Digitais raises BRL 200 million in Series D round

With the amount, RD gets the largest investment ever raised by a SaaS company in Latin America

Resultados Digitais (RD) startup obtains BRL 200 million in new round of investments
  • The investment is led by Riverwood Capital, which has invested in startups such as ride-hailing app 99;
  • RD initiated its expansion last year, with the opening of offices in Joinville, São Paulo, and internationally in Colombia and Mexico

Resultados Digitais, a Brazilian startup that offers solutions in digital marketing, announced today a new round of Series D investments, led by Riverwood Capital which will now be a part of the group of shareholders, along with TPG Growth, DGF Investments, Redpoint eventures, Astella Investments and Endeavor Catalyst.

The BRL 200 million new investment is the biggest obtained by a Latin American SaaS company and will contribute to the international expansion of the startup – in addition to stimulating investments in research and development, as well as help expand the hirings.

“Resultados Digitais has enormous growth potential – both in Brazil and internationally – in addition to a high-performance record and a committed team. We are confident that it is an enterprise that will generate an even greater impact and promote the entire ecosystem,” said Joaquim Lima, general director of Riverwood Capital, in a press release.

The Florianópolis-based startup has 13,000 clients, 2,000 partners, and 700 collaborators, and was founded in 2011 with the aim of offering a sales and digital marketing platform for small to medium-sized enterprises in Brazil. Last year, RD began its international expansion, opening offices in Mexico and Colombia.

With its sights set on becoming one of the best software enterprises in Latin America, the startup not only has a promising team of supporters, but also benefits of a favorable landscape. During the last year, the Brazilian technology market grew 9.8%, reaching a value of $ 47.7 billion in the areas of software, hardware, services, and exports, according to the report by the Brazilian Association of Software Enterprises. Global growth–in contrast–was three points below, at 6.7%.