In May of last year, Azevedo, a Portugal-based software company, announced that it had raised a $1 million seed round from investors including Portuguese bank Novo Banco, U.S. VC firm Uncork Capital, and a number of angels.
Azevedo’s technology is designed to make it easier for small businesses to manage their finances and comply with tax regulations. The startup offers a suite of products that includes an accounting application, an invoicing tool, and a portal for filing taxes.
In the year since its seed funding, Azevedo has made some significant strides. The startup has launched a new product, expanded its team, and secured a new round of funding.
1. Azevedo’s New Product: Usann
In September of last year, Azevedo launched Usann, an expense tracking tool for businesses. Usann allows businesses to track employee expenses, set spending limits, and generate reports.
The product is currently available in English and Portuguese, and the company plans to add more languages in the future.
2. Expansion of the Azevedo Team
In the past year, the Azevedo team has grown from 4 to 10 people. The company has added new members to its engineering, sales, and marketing teams.
3. New Round of Funding
In February of this year, Azevedo announced that it had raised a $2 million Series A round of funding from U.S. VC firm Accel Partners. This brings the total amount of funding raised by the startup to $3 million.
The new round of funding will be used to further expand the Azevedo team and to accelerate the development of new features and products.
Conclusion
Azevedo has made significant progress in the past year, thanks to a new round of funding, the launch of a new product, and an expansion of its team. With the support of its investors, the startup is well positioned to continue its growth in the coming year.
Related FAQs
- What is Azevedo?
Azevedo is a Portugal-based software company that offers a suite of products designed to make it easier for small businesses to manage their finances and comply with tax regulations.
- What is Usann?
Usann is an expense tracking tool for businesses that was launched by Azevedo in September of last year.
- How much funding has Azevedo raised?
Azevedo has raised a total of $3 million from investors including Portuguese bank Novo Banco, U.S. VC firm Uncork Capital, and Accel Partners.
- What is invstr 20m series usann azevedotechcrunch?
In May of last year, Azevedo, a Portugal-based software company, announced that it had raised a $1 million seed round from investors including Portuguese bank Novo Banco, U.S. VC firm Uncork Capital, and a number of angels.
- About invstr 20m series azevedotechcrunch?
Azevedo’s technology is designed to make it easier for small businesses to manage their finances and comply with tax regulations. The startup offers a suite of products that includes an accounting application, an invoicing tool, and a portal for filing taxes.