SÃO PAULO, July 19,
2024 /PRNewswire/ -- CTA Smart, a leading technology
company in the fuel sector, has secured a US$ 3 million investment in a new funding round
to boost its international growth. Led by Invisto and Indicator
Capital, this investment will support CTA Smart's expansion into
the American market and lay the groundwork for global outreach.
Investment Details Indicator Capital, the largest
early-stage venture capital firm in Latin
America specializing in Internet of Things (IoT), and
Invisto, a Southern Brazilian VC firm, are spearheading the
investment. Invisto contributed US$ 2
million, while Indicator Capital added US$ 1 million. CTA Smart had previously received
US$ 1 million from the Indicator 2
IoT fund in October 2021, with total
investments now reaching approximately US$ 3
million.
Growth and Expansion CTA Smart's consistent financial and
commercial growth, particularly in North
America, influenced the investment decision. The company's
operational strength is shown by its active fueling points,
exceeding 3,000 in Brazil and over
400 in the United States over the
past 18 months. The startup manages more than 2.5 billion liters of
diesel annually.
Agile Management Platform Headquartered in Brazil, CTA Smart utilizes intelligent systems
technology for fleet fueling, operating on a Software as a Service
(SaaS) model. The platform offers robust, remote installation for
fuel management across various industries globally, previously
available only to large enterprises. Fuel is a significant cost for
sectors such as transportation, mining, construction, and forestry.
CTA Smart's real-time, cloud-based management reduces waste and
deviations, lowering operational costs while enhancing
productivity, profitability, and competitiveness.
American Market Potential Bruno
Lopes, CEO of CTA Smart, highlighted the company's
partnerships with major distributors in Brazil and TRRs, improving fuel delivery
logistics and customer relations. Marcelo
Wolowski, founder and CEO of Invisto, expressed enthusiasm
about CTA Smart's promising traction in the American market,
serving as a gateway to the global market.
Global Reach CTA Smart's international brand, Link2Pump,
led by CEO Filipe Borges, has grown
over 100% annually for two years and operates in seven countries,
including Argentina, Uruguay, Paraguay, the Dominican Republic, Mexico, Canada, and the UAE. The technology serves
over 40 U.S. states, attracting large-scale clients. Borges noted
the company's readinors with internals for the next step toward
becoming a global entity.
About CTA Smart | Link2Pump Founded in 2012, CTA Smart
specializes in fuel management, fleet management, and supply
control. Based in Porto Alegre-RS, Brazil, and Miami, USA,
the company prides itself on simplicity and adaptability,
addressing customer needs across various sectl diesel consumption.
For more information, visit www.link2pump.com
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SOURCE CTA Smart