BHub, a Brazil-based company that provides “back-office-as-a-service” for startups & SMEs, announced that it raised $20 million Series A, just two months after closing a $4.4 million round of funding.
This round was led by Monashees and Valor Capital Group, followed by QED Investors, Picus Capital, and ClocktowerVC.
The company has 51 employees and plans to use the money to add 100 more, invest in marketing, as well as expand to Mexico in 2022.
Company: BHub Tecnologia e Serviços Ltda
Raised: $20.0M
Round: Series A
Funding Month: December 2021
Lead Investors: Monashees and Valor Capital Group
Additional Investors: QED Investors, Picus Capital, and ClocktowerVC
Company Website: https://bhub.com/
Software Category: back-office-as-a-service
About the Company: BHub is a full back-office SaaS for startups & SMEs, its purpose is to unburden entrepreneurs, allowing them to focus on their core business, while BHub deals with all the rest. Currently offer bookkeeping, CFO services, legal and HR for startups & SMEs. BHub platform enables businesses to reduce time, cost, and labor associated with administrative functions.
Source: https://www.bloomberglinea.com/2021/12/14/bhub-a-back-office-as-a-service-startup-raises-20m-series-a/