Speedio, a Brazilian Big Data startup that offers B2B lead generation systems for companies' commercial teams, has raised $720K in a round led by ACE and TM3 Capital.

Founded in 2018, the Sao-Paulo-headquartered startup offers a business-to-business (B2B) customers lead generation platform that helps businesses automate commercial prospecting with advanced Big Data technology. By utilizing advanced Big Data technology, the startup's platform can help businesses streamline their sales process, saving valuable time and resources.

According to the company, it currently has more than a thousand active customers, including renowned brands such as OLX, Mills Estruturas, Accesstage Tecnologia, SENAI, SESI, Nutriplan, among others.

It also claims its platform has grown by more than 100% in the last year and it plans to achieve revenue of approximately R$15 million (BRL) in 2023.

The round saw participation from other investors including Select Portfolio, Venture Hub’s investment pool, and angel investor Marcelo Baratella. The startup plans to use the new investment funds to expand both its commercial and technology areas. It also aims to hire more professionals in the coming months.