Mexico-based Solvento Announces $5M Seed Financing
Gunderson Dettmer represented Mexico-based client Solvento in the announcement of its $5 million Seed financing led by Ironspring Ventures. Solvento’s platform is designed for the trucking, shipping, and logistics industries by providing credit lines to collect invoices the moment goods are delivered. The company’s new capital will be used to expand its products, employment, and environmental footprint.
In the announcement of the transaction, CEO of Solvento Jaime Tabachnik "Carriers are the unsung heroes of this country. Without them our economy does not move. Solvento's goal is to promote the growth of small and medium-sized carriers. We help both carriers and intermediaries to face their daily problems by simplifying and automating their payment and collection processes.”
The Gunderson Dettmer deal team was led by Dan Green and included Brian Willbur, Thomas Graham, Mahfouz Basith, as well as Lily Kim, Sunny Kim and Leslie Diaz.