The corporate benefits provider reportedly raised in excess of $100m in its series C round, which it claims is Brazil's second largest round for an HR technology provider.

Brazil-based corporate benefits management service Flash has secured over $100m in series C funding from investors including internet group Tencent, Latin America Business Stories (LABS) reported on Wednesday.

Battery Ventures and Whale Rock co-led the round, which also featured Tiger Global Management, Global Founders Capital, Monashees, Citius and private investors Kevin Efrusy, Rahul Mehta and Hans Tung.

Founded in 2019, Flash has created a flexible service enabling corporates to let employees choose and manage benefits such as food or transportation…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.