What is Tembici?
Tembici specializes in providing sustainable and accessible urban transportation through shared bicycle solutions. The company offers both standard and electric bikes, easily accessible via a mobile application, thereby fostering a new paradigm in urban mobility. By focusing on environmental sustainability and user convenience, Tembici aims to transform how city dwellers navigate their environments. Their innovative approach extends to partnerships, such as with iFood, to create versatile solutions for leisure and delivery services, positioning them as a key innovator in the smart city ecosystem.
How much funding has Tembici raised?
Tembici has raised a total of $127M across 2 funding rounds:
Series B
$47M
Series C
$80M
Series B (2020): $47M with participation from Redpoint eVentures, Igah, Ventures, International Finance Corporation, and Valor Capital Group
Series C (2021): $80M led by Pipo Saude, Crescera Capital, and Endeavor Global
Key Investors in Tembici
Pipo Saude
Pipo Saude is an entity focused on supporting human resources with healthcare product decisions, aiming to improve employee well-being. Their involvement suggests a potential interest in companies that enhance quality of life and employee benefits.
Crescera Capital
Crescera Capital is a firm specializing in Private Equity and Venture Capital, with a strategic focus on medium-sized companies exhibiting strong growth potential, particularly in sectors like innovation, technology, and health.
Redpoint eVentures
Redpoint eVentures is a venture capital firm that partners with entrepreneurs in technology, software, and consumer internet sectors, leveraging local and global insights to foster international success.
What's next for Tembici?
The substantial enterprise-level capital infusion, culminating in the recent strategic investment, signals Tembici's robust trajectory and its ambition to solidify its leadership in the Latin American shared mobility market. This backing is anticipated to accelerate the expansion of their bike-sharing network, enhance technological infrastructure for app-based services, and potentially explore new service verticals or geographic markets. Tembici's focus on sustainable urban development and smart city integration positions it for continued growth and impact.
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