Infleet secures over $989k in funding with Citrino Ventures as the lead investor

Brazilian logtech startup Infleet raised over $989K in a funding round led by Citrino Ventures through the CV Idexo fund, with participation from DOMO Invest and Bossanova Investimentos.

Infleet provides transparency and agility by integrating a hub involving logistics and equipment management services.

The funds will be used to create a comprehensive solution focused on monitoring daily activities to reduce operation costs, accidents, and pollutants. The company will also invest in education and information of fleet managers through podcasts and digital content.

Infleet has 400 customers all across Brazil. The startup aims to achieve a growth rate of 150% in 2023, following its 200% expansion in 2022.

Read more on Startupi.

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