Advolve, a Brazilian company providing AI and Machine Learning solutions for digital marketing, raised USD1.5M in pre-seed funding.
The round was led by Valor Capital and Lanx Capital, with participation from Verve Capital and Veredas Partners, as well as angel investors such as Felipe Oliva (Founder Squid), Guilherme Rodrigues (Founder Deco), Hugh Strange (former VP of Product Nubank), Kiki Simonsen (Founder RoboMindeer), Marcelo Ferronato (Founder MediaHero), Marcello Vasconcellos (Founder Buser) , Mira Capital (family office of the founders of VTEX), Ozden Order (former VP People Stability AI) and Roberto Grossman (CDTO SBT).
The company intends to use the funds to expand its operations and team of employees.
Launched in 2023 and led by João Sobreira, Djary Veiga and João Paulo Marinho Martins, Advolve provides an AI and Machine Learning powered digital marketing platform for companies to increase gains at scale, speed and conversion. The system automates the entire digital marketing process using artificial intelligence and machine learning, from creation to attribution – all based on data and tests.
The company already has institutional partners such as Google for Startups, Open AI, AWS Startups, Microsoft for Startups Founders Hub and NVidia Inception Program. It has 16 employees, with plans to expand the team in 2024.
FinSMEs
28/03/2024