Brazilian Growth Platform Cortex Raised US$48 Million in a Round Led by Lightrock
Summary
Brazilian startup Cortex raised US$48 million in a Series C led by private equity fund Lightrock. Softbank and Riverwood, who had co-led the companys previous round in 2020, also participated.Cortex is a SaaS platform that provides intelligence solutions for sales, marketing, and communications. In addition, they operate with a remote work model, with most of their employees spread throughout the country.Lightrock said it was happy to add Cortex to its portfolio, sharing a press release on its social networks. In the press release, Lightrock called Cortex the best-capitalized company in the marketing and sales intelligence segment in Latin America.Lightrocks Managing Partner for LatAm, Marcos Wilson Pereira, said, Cortex has enabled companies, regardless of sector or size, to drive sales growth by leveraging its intelligent, yet simple to use platform. For his part, Cortex CEO and co-founder Leonardo Rangel said he was very proud to count some of the leading international funds operating in the region among its investorssuch as Riverwood and Softbank, Redpoint eVentures, C2 Partners, and Endeavor Catalystand welcomed Lightrock to the roster.