Series D · Enterprise software

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

Funding history

Series D · This roundR$150M

Sources

  1. Flash closes R$150m Series Dstartups.com.br · Aug 19, 2026
  2. Flash raises $29M Series Dlatamlist.com · Aug 20, 2026