Brazil-based Onfly, a PhocusWire Hot 25 Travel Startup for 2022 that provides corporate travel expense management technology, has raised $40 million.
Onfly will use the funding for artificial intelligence integration, marketing and sales efforts and international growth. The company plans to onboard 2,500 clients in Mexico by 2027.
Tidemark led the Series B funding round, and Endeavor Catalyst and Left Lane Capital also participated after leading Onfly’s Series A round with Cloud9 Capital.
Onfly is also adding Drew Patterson, a Tidemark venture partner, to its board as part of this funding round. Patterson is the former vice president of marketing at Kayak and former CEO and co-founder of…
