Gringo raises Series C funding round

Back to News & Insights
September 27, 2023

VEF portfolio company Gringo has announced the successful closing of their Series C funding round, led by Valor Capital Group, with VEF investing an additional USD 3 mln as part of the round.

As one of the few late-stage funding rounds taking place in the region in recent months, the success of the fundraise is a testament to the strength of Gringo’s team and delivery since the Series B, led by VEF, in March 2022. Gringo currently serves a customer base of 10 million drivers and will double revenues in 2023.

At VEF we remain committed to investing in Latin America across market cycles, and our continued investment in Gringo reflects our strong belief in both the company and the region’s immense potential.

Read more in the article on Gringo in TechCrunch, available here.