Valor Capital Group Leads a BRL5 Million Series A Round for SontraCargo (Latin America)

Source: Startupi

Brazil-focused investment firm Valor Capital Group has led a BRL5 million (approximately US$2 million) Series A financing round for Brazil-based SontraCargo, a mobile application for courier delivery services. The company, founded in May 2014, intends to use the capital injection to expand its number of truck drivers and couriers and improve its product.