Industry landscapes
Industry report

Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE BRAZIL EDITION 2026

Brazil’s
travel and hospitality tech industry,
in focus.

The companies, capital and talent shaping travel and hospitality tech in Brazil. Find the leaders. Understand the segments. See where the activity is.

Snapshot: Funding in USD
Illustrated cover for Travel and Hospitality Tech Industry Landscape of Brazil
BR
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Travel and Hospitality Tech illustration
MEET THE COMPANIES

Explore Brazil’s travel and hospitality tech leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

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Travel and Hospitality Tech company highlights in Brazil, snapshot 1 September 2026
Company
9999app.com$515.5M10
Kovikovi.com.br$164.65M844
Tembicitembici.com.br$158.04M742
Hurbhurb.com$155M1,100
Buserbuser.com.br$143.19M366
Turbiturbi.com.br$137.59M2 roles134
VOLLgovoll.com$133.32M30
Estaparestapar.com.br$126.18M5,054
LiberFlyliberfly.com.br6 roles45
Mottumottu.com.br4 roles398
Resolvviresolvvi.com4 roles27
Geocontrolgeocontrol.com.br3 roles56
UMobileumobile.com.br3 roles
CloudSatcloudsat.com.br2 roles
localizalocaliza.com2 roles18,581
Busonbuson.com.br67
CVC Brasilcvc.com.br2,478
ClickBusclickbus.com.br265
Delta Globaldeltaglobal.com.br187
Deonibusdeonibus.com
Flash Benefitsflashapp.com.br762
Hosped.inhospedin.com
MaxMilhasmaxmilhas.com.br385
Melhores Destinosmelhoresdestinos.com.br35
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only

Explore the live startup set in Radar

No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.

Explore classified startups in Radar ↗
THE KEY SIGNALS

Travel and Hospitality Tech industry KPIs in Brazil

A few useful ratios bring the size of this ecosystem into perspective.

1 September 2026
Hiring participation3.7%

30 of 808 tracked companies have open roles.

Funding participation6.8%

55 of 808 tracked companies have a recorded round.

Top 3 funding share44.4%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$4.03M

Midpoint of 69 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 44.4% of disclosed capital, while 93.2% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Brazil travel and hospitality tech has grown

Recorded company formation and disclosed funding across the complete annual series shown.

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2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Brazil travel and hospitality tech
$0$112.73M$225.46M$338.19M$450.92M2016: $126.52M20162017: $338.62M20172018: $4.12M20182019: $41.47M20192020: $137.38M20202021: $395.55M20212022: $95.25M20222023: $122.68M20232024: $66.52M20242025: $202.79M2025
View the numbers
Annual travel and hospitality tech funding and company formation in Brazil
YearFunding (USD)FoundedRaising
2016$126.52M503
2017$338.62M603
2018$4.12M783
2019$41.47M733
2020$137.38M585
2021$395.55M5311
2022$95.25M238
2023$122.68M2110
2024$66.52M75
2025$202.79M15
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • 9927.3%
  • Kovi8.7%
  • Tembici8.4%
  • Other companies55.6%

Funding by stage

88 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel42 47.7%
Series A–B22 25.0%
Series C+ / PE15 17.0%
Grants, debt & other9 10.2%

Recent recorded rounds

Latest recorded rounds · USD
0 rounds

Swipe or scroll horizontally to browse.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series C07/2017
9999app.com$137.5M

Participating investors were not recorded in this snapshot.

Series B08/2021
Kovikovi.com.br$104M

Backed by Valor Capital Group and Prosus and others.

Series C01/2017
9999app.com$100M

Backed by DiDi and Riverwood Capital.

Series C02/2020
VAIvai.car$85.11M

Backed by Bossa Invest and XP and others.

Series D03/2014
Hurbhurb.com$50M

Backed by Insight Partners and Tiger Global Management.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

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Annual accounts availability

No reviewed exact national-ID connector has yet been qualified for Brazil; this is a checked implementation boundary, not evidence that filings are absent.; No reviewed exact national-ID connector has yet been qualified for Brazil; this is a checked implementation boundary, not evidence that filings are absent.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the Brazil companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

27 of the 808 companies on this page carry a measured traffic record (3.3%); these are the largest of those, by monthly visits. The median among them is 379,243 visits.

CompanyMonthly visitsAuthorityMobile
Decolar.comdecolar.com7,331,5327563.2%
ClickBusclickbus.com.br3,412,8097167.3%
QueroPassagemqueropassagem.com.br2,676,6886578.2%
Melhores Destinosmelhoresdestinos.com.br2,239,2227565.4%
Omnibeesomnibees.com1,504,0734657.1%
CVC Brasilcvc.com.br1,392,9686864.6%
Buserbuser.com.br1,231,1566464.9%
MaxMilhasmaxmilhas.com.br872,9605860.9%
Busonbuson.com.br736,4665065.3%
Meu Aleloalelo.com.br590,2864766.1%

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

332 of these companies (41.1%) publish at least one Android app — 881 apps in all, carrying 443.4M installs between them.

AppInstallsRatingStore category
99: Rides, Food, Pay99169.7M4.3Maps & Navigation
99 Motorista e Entregador9938.9M3.6Business
Decolar: Voos e HotéisDecolar.com29.4M4.9Travel & Local
TicketTicket21.8M4.7Finance
Cittamobi: Ônibus e TrilhosCittaMobi17.9M4.5Maps & Navigation
ClickBus - Bus TicketsClickBus15.5M4.8Travel & Local
Buser - O app do ônibusBuser8.2M4.1Travel & Local
Mottu MotosMottu7.4MAuto & Vehicles
CVC: Voos, hotéis e ingressosCVC Brasil6.4M3.7Travel & Local
Ponto Certo Bilhete UnicoPonto Certo5.4M1.8Maps & Navigation

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2024Q1–2026Q2).

SegmentAppsInstallsLeading appRelease trend
Road Transport Tech757347.9M99: Rides, Food, Pay 169.7M
Online Travel122129MDecolar: Voos e Hotéis 29.4M
Payments3637.2MTicket 21.8M
Finance & Accounting Tech3735.8MFlash | Benefícios e Despesas 4.6M
Hrtech3335.3MCaju - Benefícios por inteiro 3.5M
Smart Public Transport13224.9MPonto Certo Bilhete Unico 5.4M
Auto E-Commerce & Content87.9MMottu Motos 7.4M
Electric Vehicles86.5MBike Itaú: Bicycle-Sharing 5.1M

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2023Q2: 132023Q2: 42023Q22023Q3: 52023Q3: 172023Q32023Q4: 122023Q4: 112023Q42024Q1: 82024Q1: 92024Q12024Q2: 92024Q2: 102024Q22024Q3: 152024Q3: 172024Q32024Q4: 72024Q4: 572024Q42025Q1: 102025Q1: 222025Q12025Q2: 62025Q2: 272025Q22025Q3: 32025Q3: 802025Q32025Q4: 52025Q4: 762025Q42026Q1: 82026Q1: 1182026Q1

Darker bars are new releases, lighter bars apps updated. 374 of 881 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Brazil travel and hospitality tech market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Consumer digital431
Enterprise tech400
Enterprise software214
Fleet management185
B2c e-commerce177
Saas167
Shared mobility148
Marketplaces145
Travel and hospitality saas131
Gig employers113
Cab ride-hailing109
Sharing economy94

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Consumer digital

The largest measured segment in this report snapshot.

431companies
2.8%have hiring activity

12 companies hiring · $1.55B disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

Subscription645
Commission on transaction363
E-commerce - service196
Fee-for-service110
Advertising108
E-commerce - product26
Renting / leasing21
Physical commerce8
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

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Recent corporate headlines 10 dated reports
Mergers & acquisitionsgovoll.com ↗

Warburg Pincus has acquired a controlling stake in Brazil’s corporate travel and expense platform Voll through a $123 million investment.

Funding rounds99app.com ↗

The 99, from the Chinese group DiDi Global, informed this Tuesday (12) that half of its investment of R $ 1 billion in the segment of food delivery in Brazil will be directed to the capital of São Paulo and cities of the metropolitan region, such as Guarulhos, Osasco, Santo André and São Bernardo do Campo.

Mergers & acquisitionsgasola.net ↗

After a six-month hiatus, nstech buys Gasola, a fuel management and automation startup.

Mergers & acquisitionsclickbus.com ↗

BMA advised Totvs on the sale, through its subsidiary Totvs Large Enterprise Tecnologia, of its entire stake – equivalent to 80% of the total common shares issued by RJ Participações to Bus Serviços de Agendamento (Clickbus) for R$49.6 million, subject to adjustments.

Funding roundsbuser.com.br ↗

Brazilian travel startup Buser landed $5.1 million in a media-for-equity deal with 4Equity Media Ventures.

Funding roundsturbi.com.br ↗

Leading this week’s funding activity is Brazilian car rental startup Turbi, which raised $12.5 million in a Series D equity round from existing investors, alongside $43 million in debt financing.

Funding roundsmundi.com.br ↗

Alongside lead investors Speedinvest and DeBa Ventures, existing investors and multiple high-profile angel investors in the Turkish banking and technology sectors also participated in the funding round.

Mergers & acquisitionskovi.com.br ↗

Moove, a global leader in mobility with a vision to build the largest rideshare fleet and best-in-class technologies powering mobility platforms, has announced the acquisition of Kovi, an urban mobility provider headquartered in São Paulo.

Mergers & acquisitionsm2msolutions.com.br ↗

Sonda, yesterday reported the acquisition of 100% of the Brazilian company M2M Solutions, a firm that occupies a leading position in technological solutions in transport and intelligent urban mobility in that country, in which it has a presence nationwide. The purchase operation was closed at about US$ 11.4 million, an amount that could increase by about US$ 2.6 million depending on the award of relevant contracts that are in the process of being tendered, according to Sonda through an essential fact.

Mergers & acquisitionsrotasbrasil.com.br ↗

the Frete group. with logistics and road freight transport, announced its second acquisition. This time, the purchase is from Rotas Brasil company, system of routes and pricing of national tolls.

Full recorded event mix

Top 10 categories among 43 recorded events in the 24-month window.

Funding rounds
9
Mergers & acquisitions
9
Leadership moves
7
Asset acquisitions
5
Company announcements
4
Lawsuit
3
Capital infusions
2
Earnings
2
Buyback
1
Contracts
1

Litigation

3 tracked suits

Company
keeta v 99

restricting restaurants from working with more than two delivery platformsCivil · Filed

Company
99 v keeta

use of colours, graphics and font similar to 99’s platformCivil · Filed

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
Despegar.comViajaNet ↗Announced2026-05-06$15.0M
warburg pincusVOLL ↗Completed2025-12-04$123.0M
ClickBusRJ ParticipationsAnnounced2025-09-19Not stated in snapshot
nstechGasola ↗Announced2025-07-24Not stated in snapshot
ClickBusRJ ParticipaçõesAnnounced2025-03-20Not stated in snapshot
mooveKovi ↗Announced2025-02-06Not stated in snapshot

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

Recorded hiring and workforce signals from the available source snapshot.

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Most advertised job titles

No repeated job title is supported by this snapshot.

1 internship postings

0 tracked postings mention remote work.

THE PEOPLE BUILDING THE FIELD

Founders and leaders

197 founders and chief executives across 140 companies.

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12 profiles

Swipe or scroll horizontally to browse.

Education networks

7 profiles with education records.

Massachusetts Institute of Technology
1
INSEAD
1
EADA Business School
1
IE Business School
1
Harvard Business School
1
Harvard University
1
Columbia Business School
1
Stanford University
1

Prior employers

4 profiles with prior-work records.

Goldman Sachs
1
Airbnb
1
Boston Consulting Group
1
McKinsey
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

495,844 articles in the measured 12-month window.

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495,844articles in the measured year
53,685articles in 2026Q1
27.6%positive tone in the latest complete year

News volume trends

Travel and Hospitality Tech coverage across Brazil · articles per complete quarter

090,329180,658270,986361,3152021Q2: 49,1972021Q22021Q3: 54,3152021Q4: 42,1132022Q1: 44,4282022Q2: 44,9572022Q22022Q3: 47,6562022Q4: 74,3992023Q1: 66,0552023Q2: 99,4092023Q22023Q3: 76,7352023Q4: 57,0722024Q1: 64,7472024Q2: 75,7412024Q22024Q3: 83,9512024Q4: 87,3372025Q1: 107,2092025Q2: 84,2262025Q22025Q3: 314,1872025Q4: 51,5482026Q1: 53,6852026Q1
View quarterly article counts
QuarterArticles
2021Q249,197
2021Q354,315
2021Q442,113
2022Q144,428
2022Q244,957
2022Q347,656
2022Q474,399
2023Q166,055
2023Q299,409
2023Q376,735
2023Q457,072
2024Q164,747
2024Q275,741
2024Q383,951
2024Q487,337
2025Q1107,209
2025Q284,226
2025Q3314,187
2025Q451,548
2026Q153,685

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
71,389 positive · 34,094 neutral · 50,715 negative
2022
103,582 positive · 52,709 neutral · 54,837 negative
2023
153,176 positive · 70,788 neutral · 74,807 negative
2024
139,378 positive · 102,040 neutral · 69,832 negative
2025
153,331 positive · 157,521 neutral · 245,648 negative

Leading coverage topics

Travel and Hospitality Tech coverage across Brazil · ranked by full-period article count.

International And Transnational Geographic Entities300,104 articles in the full recorded period
108,081 recent · 81,379 prior
Geopolitical Disputes And Contested Areas300,102 articles in the full recorded period
108,081 recent · 81,376 prior
Administrative And Political Subdivisions300,068 articles in the full recorded period
108,067 recent · 81,368 prior
International Sports Competitions28,399 articles in the full recorded period
4,451 recent · 6,909 prior
Professional League Updates15,657 articles in the full recorded period
3,719 recent · 3,283 prior
Cryptocurrency Impact On Forex Markets15,163 articles in the full recorded period
4,125 recent · 3,671 prior
International Political Relations13,425 articles in the full recorded period
2,941 recent · 3,603 prior
Olympic Games Coverage11,909 articles in the full recorded period
1,347 recent · 4,059 prior
Trade Policies And Agreements11,832 articles in the full recorded period
5,602 recent · 3,658 prior
Athlete Transfer Rumors11,233 articles in the full recorded period
2,743 recent · 2,413 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Travel and Hospitality Tech coverage across Brazil

KeywordRecentPriorChange
countries4,1911,859125%
tariff negotiations3,2872,13654%
trade dispute mechanisms1,38477479%
free trade deals1,36294245%
angel investors1,057328222%
bilateral trade1,05668055%
preferential tariff1,03154988%
tariff rate quota856419104%
mfn tariff68836390%
stock performance61142145%
olympic team selections2391,436-83%
geopolitical alliances7181,095-34%
olympic trials2001,070-81%
ronaldo577984-41%
summer olympics athletics76938-92%

Event and signal lenses

Travel and Hospitality Tech coverage across Brazil

All complete annual cohorts shown
Rising

Regulatory Risk

628,887 classified articles

territories, disputed islands, countries

16.3% critical · 12.0% positive
Rising

Funding Momentum

47,211 classified articles

angel investors, early-stage investment, asset acquisition

33.3% critical · 41.0% positive
Rising

Growth

126,171 classified articles

gdp growth rate, economic growth statistics, economic output growth

26.8% critical · 45.0% positive

Travel and Hospitality Tech coverage across Brazil. Topic labels describe recorded classifications and can include broad context.

GEOGRAPHIC FOOTPRINT

Where companies are based

Company counts, hiring and disclosed funding across the recorded hubs.

Expand panel +
8 cards

Swipe or scroll horizontally to browse.

UNDERSTAND THE LANDSCAPE

Travel and Hospitality Tech in Brazil: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

Company ecosystem snapshot: 1 September 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon