Allugg, a Brazilian startup that rents technology equipment to businesses, secured $5.3M through a FIDC (Fundo de Investimento em Direitos Creditórios) backed by Oslo DTVM.
Allugg is an equipment outsourcing company that offers IT, health care, and industrial equipment for rent.
Allug will use the funds tos scale operations over the next 18 months and strengthen its position in the Hardware as a Service (HaaS) sector in Brazil.
“Our strength lies in combining technology with a solid financial foundation. With this funding, we are taking a decisive step toward serving larger clients, scaling our model, and reinforcing our leadership in the segment,” says Francisco Rabaçal, Co-founder and CEO of Allugg.
Allug serves nearly 200 clients, 70% of whom are startups. Allugg aims to maintain its year-over-year growth rate and close 2025 with recurring annual revenue exceeding $4.5 M.
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