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Kovi - About the company
Kovi is an acquired company based in Sao Paulo (Brazil), founded in 2018 by Joao Costa and Adhemar Milani Neto. It operates as an Online platform offering car-rental services. Kovi has raised $145M in funding from investors like Y Combinator, Valor Capital Group and Global Founders Capital, with last known valuation of $*****. The company has 34 active competitors, including 5 funded and 3 that have exited. Its top competitors include companies like Lime, Turbi and TIER.
Company Details
Kovi is an online platform offering car rental services. The platform enables users to find and book cars for rental by providing duration, personal details like driving license, etc. It offers features like wide pool of cars, insured rides, variant payment options, etc.
- Website
- www.kovi.com.br/
- Social
- Email ID
- *****@kovi.com.br
- Phone Number
- +55 **********
Kovi's acquisition details
Kovi got acquired by Moove on Jan 29, 2025.
Click here to take a look at Kovi's acquisition in detail
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Kovi's funding and investors
Kovi has raised a total funding of $145M over 5 rounds. Its first funding round was on Mar 18, 2019. Kovi has 22 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Kovi:
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Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 18, 2021 | 2694833 | Conventional Debt | 1807235 | 7178393 | 7756329 | 2248275 |
Aug 18, 2021 | 5275604 | Series B | 7043011 | 3999425 | 6684327 | |
Nov 06, 2019 | 8369104 | Series A | 6152597 | 6272337 |
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Kovi's founders and board of directors
Founder? Claim ProfileThe founders of Kovi are Joao Costa and Adhemar Milani Neto.
Here are the details of Kovi's key team members:
- Joao Costa: Co-Founder & CTO of Kovi.
- Adhemar Milani Neto: Co-Founder & CEO of Kovi.
View details of Kovi's Founder profiles and Board Members
Kovi's employee count trend
Kovi has 1,775 employees as of Sep 26. Here is Kovi's employee count trend over the years:
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Kovi's Competitors and alternates
Top competitors of Kovi include Lime, Turbi and TIER. Here is the list of Top 10 competitors of Kovi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Lime 2017, San Francisco (United States), Public | App-based rental platform providing self-drive electric kick-scooter | $1.4B | 84/100 | |
2nd | Self drive car rental platform | $69.2M | 68/100 | ||
3rd | Operator of shared electric scooters and bicycles for urban transit | $660M | 67/100 | ||
4th | Provider of electric vehicle subscriptions for rideshare drivers | $86M | 55/100 | ||
5th | Online platform offering car-rental services | $145M | 57/100 | ||
6th | _1568705793247.png?devicePixelRatio=2&height=30&width=30){kind=logo} Grow Mobility 2014, Mexico City (Mexico), Acquired | Provider of LEV rentals in LATAM markets | - | 43/100 | |
7th | App-based car rental platform | - | - | 41/100 | |
8th | App-based car subscription platform | $85.1M | 40/100 | ||
9th | App-based electric car-rental platform | - | - | 33/100 | |
10th | App-based car rental platform in Brazil | - | - | 26/100 |
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Kovi's Investments and acquisitions
Kovi has made no investments or acquisitions yet.
Reports related to Kovi
Here is the latest report on Kovi's sector:
News related to Kovi
Filter this list•
Moove acquires Kovi, to strengthen its position as a global mobility leader with 36,000 vehiclesArawali phosphate•Feb 15, 2025•Moove, Kovi
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LemFi, a Nigerian fintech startup, has raised $53 million in its Series B funding roundTechgist Africa•Feb 03, 2025•Moove, Kovi
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Visa is investing in Nigeria’s Moniepoint to help more small and medium-sized businesses in Africa access financial servicesTechgist Africa•Feb 03, 2025•Moove, Kovi
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Moove acquires Kovi as the Uber-backed company eyes rapid expansionSeeking Alpha•Jan 29, 2025•Moove, Kovi
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Brazil’s Kovi closes $104M Series B to make car ownership ‘more inclusive’ in LatAmTechCrunch+•Aug 18, 2021•Kovi, Valor Capital Group, Prosus, Quona and 4 others
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Quona Capital Closes Second Fund with $203 Million Aimed at Financial Inclusion in Emerging MarketsGlobeNewswire•Mar 04, 2020•Quona, Accion, Contabilizei, Kovi and 3 others
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Kovi, a Brazilian mobility company, raises $30 millionOnline Market Places•Jan 10, 2020•Kovi, Global Founders Capital, Y Combinator, Broadhaven Capital Partners and 4 others
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Global Founders Capital Leads A Us$30m Investment In KoviLAVCA•Nov 06, 2019•Kovi, Quona, Monashees, Maya Capital and 3 others
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