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Beorange receives pre-seed funding with a valuation of 10 million

Beorange receives pre-seed funding with a valuation of 10 million

By Beorange

By Beorange

6 de março de 2024

6 de março de 2024

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Beorange has just secured a pre-seed¹ investment, based on a valuation² of 10 million reais. This significant funding will allow the company to accelerate the development of new versions of its artificial intelligence, which will be launched in the market within the next six months.

Myle Pontes, CEO of Beorange, is a trained accountant with extensive experience in the multinational market. With seven specializations, including one in technology, Myle brought her expertise in international standards and corporate fraud investigation to the startup world. Her entrepreneurial vision and determination are fundamental to the company's success.

The negotiation round for this investment was challenging and took place over six months from the first pitch³ to the closing of the deal. “It was extremely challenging to prove to investors that we are indeed creating something innovative,” declared the CEO. “Being a single founder4, I believe, was an initial barrier,” she added.

Investment in Women-Led Businesses

However, her persistence and the quality of Beorange's proposal won the support of WIM Angels (Women Investment Movement), a funding network from Curitiba-PR, whose purpose is to include more women in the investment universe. The round was closed with other investors who cannot be disclosed.

WIM Angels is committed to providing capital and strategic guidance to startups led by women. Its investment in Beorange not only boosts the company's growth but also contributes to promoting diversity and gender equality in the Brazilian entrepreneurial ecosystem.



 Notes:
 
1 – Pre-seed refers to the initial capital or investment to validate a business idea, develop a prototype, and conduct early-stage market research.

 2 – Valuation or “Business Valuation”, in Portuguese, is a tool aimed at determining the value of an asset.

3 – Pitch is a quick presentation about an idea, product, or service made during a negotiation round.

4 – Single Founder is the English term that designates the sole founder of a company.

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