Solides Tecnologia Funding, Investors & Competitors

Solides Tecnologia has raised $108M across 3 funding rounds, most recently a $3M seed round in October 2024.

Last Solides Tecnologia funding round

$3M

Seed · Oct 2024

Cumulative funding Solides Tecnologia raised

$108M

across 3 funding rounds

Key investors in Solides Tecnologia

  • DGF
  • Bossa Invest
  • Warburg Pincus

Solides Tecnologia Overview

About Solides Tecnologia

Solides Tecnologia is a Belo Horizonte-headquartered developer of HR software focused on behavioral profiling for recruitment, employee management, and professional development. Its platform supports HR teams, coaches, and educators in assessing competencies to boost productivity and cut turnover. The company serves over 2,000 clients across Brazil, including major firms in retail and manufacturing sectors. Solides integrates psychometric tests with performance analytics, enabling data-backed hiring decisions. Founded in 2009, it operates primarily in Latin America with tools compliant to local labor regulations.


Founded

2010

HQ

BrazilBelo Horizonte

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Solides Tecnologia Funding History

Solides Tecnologia has raised a total of $108M across 3 funding rounds.

Solides Tecnologia's first fundraising round was a $4M Series A in August 2019. The most recent completed round was a $3M seed round in October 2024.

Solides Tecnologia funding rounds

Solides Tecnologia funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2024SeedDGF (lead)$3M-
Feb 2022Series BWarburg Pincus (lead)$102MSólides is Brazil's leading HR technology platform focused on small and medium-sized businesses, offering integrated human resources management software that handles talent attraction and management, development and performance, engagement and retention, corporate education, benefits, and financial services. The company also operates the largest HR education portal in Latin America, known as the RH Portal. In February 2022, Sólides announced a Series B funding round of BRL 530 million (approximately USD 100 million) led by Warburg Pincus, marking one of the largest capital raises by a Latin American HR technology company at that time. By the time of the investment, Sólides had grown substantially, tripling its customer base to reach 12,000 companies and managing more than 4 million active employees across its platform. The company stated it would use the proceeds to expand its SoLAB artificial intelligence and innovation laboratory, enhance financial services and corporate education offerings, and pursue potential acquisitions of competing HR management providers. Warburg Pincus noted that the investment reflected confidence in the growing digitization of HR processes in Brazil and Latin America, with the firm already maintaining investments in five similar HR technology companies across the United States, Europe, and China.
Aug 2019Series ADGF (lead); Bossa Invest$4MSólides is a Brazilian SaaS platform specializing in talent management and behavioral profiling for hiring, development, and retention of employees. The company offers automated software that codifies human behavior and maps behavioral profiles to increase productivity and reduce turnover costs, along with an AI-powered analytics tool called Ana Robot. In August 2019, Sólides raised US$3.5 million from DGF Investimentos, a Brazilian venture capital firm focused on SaaS and AI-enabled software companies. At the time of the investment, Sólides served more than 3,000 customers and employed 150 people, with founder Mônica Hauck stating the company was targeting average monthly growth above 10% and planned to double its headcount with the new capital. The company planned to use the funding to launch new products and expand operations.

Who has invested in Solides Tecnologia?

3 investors have backed Solides Tecnologia across its funding rounds, including DGF, Bossa Invest and Warburg Pincus.

Lead investors include DGF and Warburg Pincus.


Solides Tecnologia Investors

Investors in Solides Tecnologia by funding rounds participated
InvestorHQRoundsRoleFirst check
DGFBrazilSão Paulo2LeadAug 2019

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Acquisitions by Solides Tecnologia

Solides Tecnologia has acquired 3 companies to date.

Last acquisition by Solides Tecnologia was on October 8th 2024. Solides Tecnologia acquired RHGestor for undisclosed valuation.


Latest Acquisitions by Solides Tecnologia

RHGestor
2Easy
Tangerino
Description
RHGestor is a São Paulo-headquartered software platform that automates human resources functions for Brazilian small and medium-sized enterprises. The system handles employee admissions, dismissals, payroll calculations, vacation scheduling, time tracking, and recruitment workflows through integrated digital tools. It supports compliance with Brazilian labor laws via features like eSocial integration and digital document signing. RHGestor serves clients across retail, services, and manufacturing sectors with cloud-based access for streamlined HR operations and reporting.
2Easy specializes in human resources management and payroll processing in Brazil, offering solutions for corporate benefits administration and quality-of-life programs. The company integrates IT consulting to optimize HR operations, emphasizing ESG initiatives through efficient resource allocation.
Tangerino is a São Paulo, Brazil-based workforce management platform for attendance tracking and payroll integration. The solution offers facial recognition time clocks, geolocation check-ins, and real-time dashboards compliant with Brazilian labor laws. Deployed in over 1,000 companies, Tangerino processes millions of punches monthly across retail, manufacturing, and services sectors in South America.
HQ CountryBrazilBrazilBrazil
HQ City
Maringá
-
Belo Horizonte
Deal Date8 Oct 202410 Feb 202412 Apr 2022
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Solides Tecnologia Competitors

Solides Tecnologia competitors include listed companies like SAP, Workday, Paychex and Paycom, and private ones like Deel and Rippling.

Public and private companies comparable to Solides Tecnologia
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SAPGermanyGermanyPublicly listed$42B$13B$248B5.4x
WorkdayUnited StatesUnited StatesPublicly listed$9.6B$1.2B$48B4.7x
PaychexUnited StatesUnited StatesPublicly listed$6.5B$3B$41B6.8x
DeelUnited StatesSan Francisco, CAPrivate$1.7B-$17B10.0x
RipplingUnited StatesSan Francisco, CAPrivate$570M-$17B29.5x
PaycomUnited StatesUnited StatesPublicly listed$2.1B$799M$10B5.1x

Solides Tecnologia Public Comps

Solides Tecnologia is still privately-owned, but its public comps include SAP, Workday, Paychex, Paycom, Paylocity, Workiva, TOTVS, Hilan, ATOSS Software and Freee.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SAP$42B$13B5.8x5.4x18.4x17.1x
Workday$9.6B$1.2B5.1x4.7x42.0x14.2x
Paychex$6.5B$3B6.9x6.8x15.1x14.5x
Paycom$2.1B$799M5.3x5.1x13.7x11.3x
Paylocity$1.8B$499M4.3x4.2x15.3x11.5x
Workiva$885M($33M)4.5x4.0x(120.8x)24.0x
TOTVS$1.1B$318M3.9x3.2x13.7x12.1x
Hilan$993M$154M1.8x-11.9x-

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Common questions about Solides Tecnologia

When was Solides Tecnologia founded?Solides Tecnologia was founded in 2010.
Where is Solides Tecnologia headquartered?Solides Tecnologia is headquartered in Belo Horizonte, Brazil.
Is Solides Tecnologia publicly listed?No, Solides Tecnologia is a private, VC-backed company.
How much funding has Solides Tecnologia raised?Solides Tecnologia has raised $108M across 3 funding rounds.
What was Solides Tecnologia's last funding round?Solides Tecnologia's last funding round was a $3M seed round in October 2024, led by DGF.
Who are Solides Tecnologia's investors?Solides Tecnologia's investors include DGF, Warburg Pincus and Bossa Invest.
Which companies are comparable to Solides Tecnologia?Companies comparable to Solides Tecnologia include SAP, Workday, Paychex, Deel, Rippling and Paycom.
How many companies has Solides Tecnologia acquired?Solides Tecnologia has acquired 3 companies, including RHGestor, 2Easy and Tangerino.

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