Revelo has 300,000 devs. Thanks to American Companies
One of the legacies of the epidemic has been the breaking of work boundaries – which has made it common for professionals who can live and work close to headquarters. Revelo achieves this typical transformation just like anyone else.
The start-up which employs IT specialists to internationalize its activities in the middle of last year and served companies in the United States, which wanted to employ programmers in Brazil and Latin America. In one year, the United States already represents 80% of the company’s revenues, which have multiplied by 5.5 since then.
Now, Revelo has made two acquisitions in Mexico to bolster that thesis. The start-up, Listopro, which also functions as a technical talent market and Cerno, has purchased a training camp for programming. Revelo is paying for the acquisition and acquiring cash, using resources from an as-yet-undisclosed $28 million run in the middle of last year.
Bewater Ventures was led by Series B and participated in International Finance Corporation (World Bank), FJ Labs, Valor Capital and Dalus Capital. Founder Lucas Mendes told the Brazil Journal that he prefers to stay under the radar so the market doesn’t draw attention to the internationalization strategy until the company has already secured payout strength outside. from Brazil.
Lucas said, “There’s no business doing it: connecting American companies with technical talent in Latin America,” Lucas said. “There are companies we struggle with directly, but they are looking for talent in Eastern Europe, Asia and Africa.”
According to him, Latin America has an advantage because the time zone is very similar to those of the United States, allowing professionals to work parallel to the difference there. Revelo already serves around 100 companies in the United States and 900 in Brazil.
Revenues in the United States are higher because of the dollar and because American companies are “more willing to pay higher bills”. The founder said: “They have a much harder time using technical specialists because the competition is tough: they have to compete for talent with Amazon and Facebook, which pay very high salaries.”
In this sense, the acquisition in Mexico will help increase the Talent Bank in Revelo by 50,000 programmers (currently includes 250,000 professionals) and provide access to the “service coast of the United States and Silicon Valley”. Listopro was founded by Giuseppe Bilbidi, who worked in Brazil on the Internet in early 2010.
Since then, the start-up has raised capital through companies such as the stars of Seedstars, Magma Ventures, Paralelo18 and investors such as the founders of Mermaa. With the acquisition, some of these shareholders became partners of Revelo.
Lucas said one of the most important factors for the Revelo platform is the depth of knowledge the emerging company has about its talent set. The founder said: “Our technology has been able to connect rough diamonds to business customers, which is hard for businesses to find.”
“As the system makes matches and offers the customer’s suggestions, it learns and offers better and better profiles.” Revelo also provides a solution to payroll and benefits management that all companies served by Revelo in the United States will otherwise have to adapt to tax systems and work in dozens of countries.
“The idea is that with a few clicks, the company will be able to manage its employees in Latin America.”