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Brazilian digital marketing company Resultados Digitais (RD), led by Endeavor Entrepreneurs Eric Santos, André Siqueira, Bruno Ghisi and Guilherme Lopes, closed a US$19.2 million Series C funding round led by TPG Growth with co-investment from Redpoint eVentures, DGF Investimentos and Endeavor Catalyst this November.
The TPG Growth fund has already invested in companies such as Airbnb, Uber and Spotify.
Founded in 2011, RD is the leading player in Brazil’s $4B+ digital marketing space, leveraging its all-in-one, low-cost marketing automation software RD Station to help businesses leverage inbound marketing techniques to organically attract clients. RD has attracted over 6,000 clients, 900 marketing agency partners and 380 employees so far, mostly through the use of its own software and inbound marketing methodology. The company has also been awarded one the top 10 IT companies to work for in Brazil, according to GPTW.
“Endeavor has been an essential ally for us, both in terms of providing connections with the industry leaders to help us overcome our challenges, and as an educational partner. In essence, Endeavor and RD share the mission: to help companies grow fast and in a sustainable way,” said Eric Santos, CEO of Resultados Digitais. “We’re excited to have now Endeavor Catalyst as a partner as well. We’re confident that the synergy we have will expand significantly in the next years.”
With the latest investment, RD aims to continue to grow in Brazil and ultimately expand internationally.
RD was selected into the Endeavor network at the 65th International Selection Panel in Bali, Indonesia, in July, 2016, and has previously raised $7M across its Series A (July 2013) and Series B (July 2015) rounds from DGF, Redpoint, and fellow leading Brazilian VC firm Astella Investimentos. This marks Endeavor Catalyst’s first co-investment with TPG Growth, and 6th investment in Brazil to date.
Learn more about Resultados Digitais here.
About Endeavor Catalyst
Endeavor Catalyst is the innovative co-investment fund of Endeavor, set up to invest exclusively in Endeavor Entrepreneur-led companies and to sustain Endeavor’s long-term operations in a mission-aligned way. Since launching in January 2012, Endeavor Catalyst has raised $35M in philanthropically donated and invested capital, and invested into more than 40 Endeavor companies in 15 countries. To date, Endeavor Catalyst has co-invested alongside a number of leading venture capital and growth equity funds, including Accel Partners, General Atlantic, NEA, Sequoia Capital and Tiger Global. Investments include Globant (NYSE: GLOB) in Argentina; Yemeksepeti.com (acquired by Delivery Hero) in Turkey and Ruma in Indonesia.
Learn more about Endeavor Catalyst by clicking here.