ContaAzul Announces Series A Investment

With 2013 just barely underway, Brazil-based startup ContaAzul already has reason to celebrate. The company has closed a Series A investment round. Entities from both Brazil and the United States participated – Monashees Capital and Napkn Ventures from the former, and Ribbit Capital and 500 Startups from the latter.

A Complete Solution

ContaAzul is an online management solution for small and medium-sized enterprises. It provides a wide range of solutions for customers related to invoicing, cash flow, inventory, contacts and more. According to company CEO Vinicius Roveda, for a monthly fee of between roughly US$10 and US$100 (RR19.90 and R$195), users can save up to US$10,000 (R$20,000) using the ContaAzul system.