Flash closes R$150m Series D led by Battery Ventures and Kevin Efrusy
Endeavor Catalyst joins the Brazilian benefits and workplace-management company’s shareholder base.
A push for market leadership
Flash says it serves around 60,000 employers and more than two million workers. The company has been generating cash for nearly a year and aims to lead Brazil’s employee-benefits market by 2030.
The round follows its $100m Series C in 2022. Acquisitions of ExpenseOn and FolhaCerta helped extend the business into expenses and workforce administration, and management now plans to resume acquisitions alongside organic growth.
Use of funds
Develop products and AI capabilities
Expand commercial operations
Strengthen capital structure
Resume acquisitions