Brazilian fuel solutions CTA Smart raised $2.9M in a round led by Invisto and Indicator Capital.
The funds will be used to expand CTA Smart’s operations in the US, where it operates under the name Link2Pump.
“Our goal is to grow in the American market and create a foundation to expand to new international markets. Our solution is prepared for a global scale,” said CTA Smart’s CEO Bruno Lopes.
CTA Smart provides pump controller hardware and a web-based platform to help companies manage fleets’ fuel consumption, offering real-time data on fuel levels and optimization recommendations.
Founded in 2012, CTA Smarts has installed over 4,000 fuel pump controllers across Brazil, the US, Canada, Mexico, the UAE, Chile, and Uruguay.
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