About Onfly
Onfly is a company based in Belo Horizonte (Brazil) founded in 2018 by Elvis Soares.. Onfly has raised $56.93 million across 2 funding rounds from investors including Tidemark, Left Lane Capital and Endeavor. Onfly offers products and services including Travel Management and Expense Management.
- Headquarter Belo Horizonte, Brazil
- Founders Elvis Soares
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Onfly, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$56.93 M (USD)
in 2 rounds
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Latest Funding Round
$40.93 M (USD), Series B
Apr 15, 2025
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Investors
Tidemark
& 3 more
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Employee Count
Employee Count
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Products & Services of Onfly
Onfly offers a comprehensive portfolio of products and services, including Travel Management and Expense Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Business travel reservations and monitoring are handled through a unified platform to streamline processes for travelers and managers.
Expenses and reimbursements are automated and integrated with reporting systems to promote transparency and reduce manual errors.
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Funding Insights of Onfly
Onfly has successfully raised a total of $56.93M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $40.93 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $40.9M
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First Round
First Round
(07 Jun 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series B - Onfly | Valuation | Tidemark | |
| Jun, 2023 | Amount | Series A - Onfly | Valuation | Cloud9 Capital , Left Lane |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Onfly
Onfly has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Tidemark, Left Lane Capital and Endeavor. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tidemark is engaged as a growth equity firm for companies.
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Founded Year | Domain | Location | |
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Investments are directed toward high-growth consumer and internet technology companies.
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Founded Year | Domain | Location | |
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Endeavor is focused on supporting high-impact entrepreneurs globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Onfly
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Onfly
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Onfly Comparisons
Competitors of Onfly
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Onfly
When was Onfly founded?
Onfly was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is Onfly located?
Onfly is headquartered in Belo Horizonte, Brazil. It is registered at Belo Horizonte, Minas Gerais, Brazil.
Is Onfly a funded company?
Onfly is a funded company, having raised a total of $56.93M across 2 funding rounds to date. The company's 1st funding round was a Series A of $16M, raised on Jun 07, 2023.
What does Onfly do?
Onfly was established in 2018 in Belo Horizonte, Brazil, as a provider in the travel technology sector. Services focused on corporate travel booking, expense tracking, and policy compliance are offered through a digital platform. Operations serve companies across Brazil, emphasizing streamlined workflows and integration with financial systems. The company is led by co-founder Elvis Soares, with headquarters remaining in Belo Horizonte.
What products or services does Onfly offer?
Onfly offers Travel Management and Expense Management.
Who are Onfly's investors?
Onfly has 4 investors. Key investors include Tidemark, Left Lane Capital, Endeavor, and Cloud9 Capital.