TLDR:
- CTA Smart secures a US$ 3 million investment to accelerate international growth.
- The investment from Indicator Capital and Invisto will support expansion into the American market.
Coverage on CTA Smart’s New Investment Round
CTA Smart, a prominent technology company in the fuel sector, has recently received a substantial US$ 3 million investment to drive its international expansion efforts. The funding round, led by Indicator Capital and Invisto, aims to propel the company’s growth in the American market and lay the foundation for global outreach.
The investment details reveal that Invisto and Indicator Capital, two leading venture capital firms, are the primary contributors to the funding round. Invisto injected US$ 2 million, while Indicator Capital added US$ 1 million, resulting in a total investment of approximately US$ 3 million. This infusion of capital builds upon CTA Smart’s previous funding round, where they secured US$ 1 million from the Indicator 2 IoT fund back in October 2021.
The decision to invest in CTA Smart was influenced by the company’s remarkable financial and commercial growth, particularly in North America. With an extensive network of fueling points exceeding 3,000 in Brazil and over 400 in the United States within the past 18 months, CTA Smart manages a significant volume of diesel annually, showcasing its operational strength.
CTA Smart operates a sophisticated management platform that leverages intelligent systems technology for fleet fueling, operating on a Software as a Service (SaaS) model. This platform offers remote installation for fuel management across various industries globally, revolutionizing cost efficiency, productivity, and competitiveness.
The American market potential for CTA Smart is promising, as highlighted by CEO Bruno Lopes. The company has established partnerships with major distributors in Brazil and TRRs, thus enhancing fuel delivery logistics and customer relations. Marcelo Wolowski, CEO of Invisto, expressed enthusiasm for CTA Smart’s traction in the American market, positioning it as a gateway to global expansion.
CTA Smart’s international brand, Link2Pump, led by CEO Filipe Borges, has experienced significant growth and operates in seven countries. With a strong presence in over 40 U.S. states, the company’s technology has attracted substantial clients, paving the way for further global expansion.
As CTA Smart continues to innovate and expand its offerings in fuel management, fleet management, and supply control, the company is well-positioned to become a key player in the global fuel sector.
