Brazil-Based BHub Announces $10M Pre-Series B

Gunderson Dettmer represented BHub, an accounting and financial management startup serving small and medium-sized businesses, in its $10 million pre-Series B financing. The round was led by Next Billion Capital Partners, with participation from existing investors Valor Capital, Monashees, and Hedosophia.

BHub’s platform automates several customer accounting demands and manages all accounts payable and receivable processes. 

The new capital will support the company’s strategy to acquire accounting offices like Agrocontar, the largest accounting office for agribusiness in Brazil. This acquisition, announced alongside the new funding round, marks BHub’s tenth since launching its M&A strategy last year.

In the announcement of the transaction, BHub founder Jorge Vargas Neto said, “The natural path for our sector is to go through a strong consolidation process. …We want to lead this movement and we are the first company doing this with artificial intelligence and a financial management platform.”

The Gunderson deal team was led by Christel Moreno and included Eduarda Tavares.

Companies
BHub
Next Billion Capital Partners
Valor Capital
Monashees
Hedosophia