Quicko, a Brazilian urban mobility startup, secured a $10 million investment from CCR and J2L Partners to enhance its services and expand its market presence.
Target Information
The target of this investment is Quicko, a Brazilian startup focused on urban mobility. Quicko offers innovative solutions that enable users to seamlessly integrate various means of transportation to create a faster and more convenient travel experience. With a user base of over 21 million people in the São Paulo metropolitan area, the Quicko app provides route guidance utilizing approximately 15 different transport modalities available in the city.
Founded with the vision of creating a comprehensive journey experience for users, Quicko stands out from competitors such as Moovit and Google Maps. The app not only aids in transit but also integrates additional services, like facilitating umbrella rentals across the city, which addresses the challenges urban commuters face.
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Industry Overview
The mobility sector in Brazil has undergone significant transformation in recent years, becoming a highly competitive environment. With the entry of major players like Uber in 2014, discussions surround
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CCR
invested in
Quicko
in 2023
in a Series A deal
Disclosed details
Transaction Size: $10M