In May of the previous year, Azevedo, a Portuguese-based company, announced it had secured a $1 million seed round of investors, including Portuguese banking institution Novo Banco, a U.S. company for VC Uncork Capital, and several angel investors.
Azevedo’s technology was designed to make it simpler for small companies to manage their financials and adhere to tax laws. The company offers various tools, including accounting software, invoicing, and a portal to file taxes.
Since the time of the company’s seed funding, Azevedo has made some important progress. The company has introduced an entirely new product, increased its staff and secured a fresh round of capital.
- Azevedo’s New Product: Usann
In September of the previous calendar year, Azevedo released Usain, an expense management tool for companies. Usann lets businesses track employee expenses, create spending limits and create reports.
The app is offered in English and Portuguese. The company is planning to include more languages soon.
- Expansion of the Azevedo Team
Over the past year in the past year, the Azevedo team has expanded between 4 and 10 employees. The company has also added new employees to its sales, engineering and marketing teams.
- New Round of Funding
In February, Azevedo revealed that they had secured a $2 million series A round of capital from U.S. Venture capitalist Accel Partners. The total amount of funds attained by the startup is up to $3 million.
The new round of funds can be utilized to increase the Azevedo team’s size and accelerate the creation of new products and features.
Conclusion
Azevedo has seen significant growth during the past year due to a fresh round of capital, the launch of a new product, and the expansion of its staff. With the help of its shareholders, the company is in a good position to grow in the coming years.
Related FAQs
- What is Azevedo?
Azevedo is a software firm that provides an array of services designed to make it simpler for small-sized businesses to manage their finances and comply with tax laws.
- What is Usann?
Usann can be described as an expense-tracking tool designed for businesses, which Azevedo developed in September last year.
- What amount of money has Azevedo received?
Azevedo has collected a total of $3.5 million from investors, including Portuguese banking institution Novo Banco, U.S. venture capitalist Uncork Capital, and Accel Partners.
- What is the invstr 20m series?
In May last year, Azevedo, a Portugal-based software company, announced it had raised $1 million in a seed round of capital from investors, including Portuguese banking institution Novo Banco, U.S. Venture capitalist Uncork Capital, and several angel investors.
- About the 20m series of invstr Azevedotechcrunch?
The Azevedo technological platform was created to make it simpler for small-sized businesses with limited resources to handle their money and adhere to tax laws. The company offers a range of services that include accounting software, an invoice tool, and a platform for filing taxes.
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