Brazilian Startup Buser raises US$138 million in funding round, plans expansion

Buser was founded in 2017 and has grown by exploring a "collaborative charter" model in which passengers share the final bill for the ride.

RIO DE JANEIRO, BRAZIL - Buser, which operates an intercity bus transportation app in Brazil, has raised R$700 million (US$138 million) in a capital round that it will use for a R$1 billion investment plan in Brazil over the next two years, which includes entering new business areas.

The round, which the company announced Thursday, June 9, was led by LGT's Lightrock fund and also included participation from Softbank, Monashees, Valor Capital Group, Globo Ventures and Canary, all investors in Buser in the previous series, as well as Iporanga Ventures.

"With the new investment, we will continue . . .

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