- byMatheus Tomé
- July 17, 2024
- No comments
- 1 minute read
Mexican fintech OCN (formerly OneCarNow) raised $86M in a Series A round led by Caravela Capital. Collide Capital and Great North Ventures also participated on the equity side, and i80 Group led the debt side of the deal.
OCN will use the funds to enhance its tech infrastructure and hire executives.
“We want to be super capital efficient so the company can reach a level of organic growth in the future and not have to keep raising equity money,” said Mairon Sandoval, OCN’s Co-Founder and CEO.
OCN allows gig workers to lease new cars through a subscription service that includes costs for maintenance, insurance, and more. After 36 months, customers have the option to buy the car.
OCN started operations in 2022 and has served over 25K customers across 22 Mexican states and in the US in Florida.
Read more on LatamFintech Hub and Bloomberg.
Matheus Tomé
Matheus is a lawyer and a strategy consultant in Brazil. He has always been passionate about crating impact, be it through law, projects, deals, or innovation: he’s practiced Law as an attorney at Baker McKenzie, worked as an experienced hire consultant at McKinsey & Company and helped on the development of an early-stage startup.
You May Also Like
Mercadoni Raises $9M Series A from Brazil’s Movile
- bySophia Wood
- January 3, 2018
Movile, the Brazilian mobile application giant with more than 120M monthly users invested $9M into Colombian delivery company…
Wayra Chile Invests $500K into Three Chilean Startups
- bySophia Wood
- February 8, 2018
Wayra, the investment arm of Telefonica and Movistar, the Spanish telecom giant, announced that they’d invested a total…
Chilean construction startup Ipsum raises US$1M round, led by Cemex
- bySophia Wood
- January 10, 2018
IPSUM is streamlining construction projects across Latin America. In a story originally reported by El Mercurio, this Chilean startup,…