GalgoSheets raises €150,000 to grow its fleet-finance software
LX Launch backs the Portuguese startup’s first external financing after a bootstrapped start.
Expanding beyond fleet administration
At the announcement, GalgoSheets reported serving more than 140 fleets and 3,000 drivers in Portugal. The financing gives the company resources to expand a product built around the weekly task of reconciling trip revenue and paying drivers.
Founder Vasco Sampaio said the business also wanted to serve drivers directly and explore credit intermediation for fleet operators. Those plans extend its role beyond calculating payments toward helping small operators manage their finances.
Portugal remains the near-term focus. The company plans to add commercial staff before pursuing international expansion.
Use of funds
Grow fleet-management product adoption in Portugal
Develop services for individual ride-hailing drivers
Hire sales, marketing and content staff