- Companies
- Solides Tecnologia
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2024 | Seed | DGF (lead) | $3M | - |
| Feb 2022 | Series B | Warburg Pincus (lead) | $102M | Sólides 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 2019 | Series A | DGF (lead); Bossa Invest | $4M | Sólides 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Aug 2019 | ||
This data is available for Pro users. Sign up to see all 3 Solides Tecnologia investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | |||
| HQ City | Maringá | - | Belo Horizonte |
| Deal Date | 8 Oct 2024 | 10 Feb 2024 | 12 Apr 2022 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Solides Tecnologia acquisitions and their M&A valuation multiples. Start Free Trial | |||
Solides Tecnologia Competitors
Solides Tecnologia competitors include listed companies like SAP, Workday, Paychex and Paycom, and private ones like Deel and Rippling.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $42B | $13B | $248B | 5.4x | ||
| Publicly listed | $9.6B | $1.2B | $48B | 4.7x | ||
| Publicly listed | $6.5B | $3B | $41B | 6.8x | ||
| Private | $1.7B | - | $17B | 10.0x | ||
| Private | $570M | - | $17B | 29.5x | ||
| Publicly listed | $2.1B | $799M | $10B | 5.1x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $42B | $13B | 5.8x | 5.4x | 18.4x | 17.1x | |||
| $9.6B | $1.2B | 5.1x | 4.7x | 42.0x | 14.2x | |||
| $6.5B | $3B | 6.9x | 6.8x | 15.1x | 14.5x | |||
| $2.1B | $799M | 5.3x | 5.1x | 13.7x | 11.3x | |||
| $1.8B | $499M | 4.3x | 4.2x | 15.3x | 11.5x | |||
| $885M | ($33M) | 4.5x | 4.0x | (120.8x) | 24.0x | |||
| $1.1B | $318M | 3.9x | 3.2x | 13.7x | 12.1x | |||
| $993M | $154M | 1.8x | - | 11.9x | - | |||
This data is available for Pro users. Sign up to see all Solides Tecnologia competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Solides Tecnologia
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




