About Tumo
Tumo is a company based in Buenos Aires (Argentina) founded in 2023 by Lucas Martinez, Ricardo Espinosa, and JoaquIn Panos.. Tumo has raised $20 thousand across 1 funding round from investors including Techstars. Tumo offers products and services including Mobile App and App Maintenance.
- Headquarter Buenos Aires, Argentina
- Founders Lucas Martinez, Ricardo Espinosa, JoaquIn Panos
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tumo App 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
$20 K (USD)
in 1 rounds
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Latest Funding Round
$20 K (USD), Seed
Jun 01, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Tumo
Tumo offers a comprehensive portfolio of products and services, including Mobile App and App Maintenance. 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.
Mobile apps are created for user engagement and functionality purposes
Maintenance services are offered for app updates and troubleshooting
Funding Insights of Tumo
Tumo has successfully raised a total of $20K through 1 strategic funding round. The most recent funding activity was a Seed round of $20 thousand completed in June 2024. 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 1
- Last Round Seed — $20,000
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First Round
First Round
(01 Jun 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Tumo | Valuation | Techstars |
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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 Tumo
Tumo has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars. 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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Startups are accelerated globally without sector restrictions through structured programs.
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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 Tumo
| 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 - Tumo
| 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 |
Tumo Comparisons
Competitors of Tumo
| 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 Tumo
When was Tumo founded?
Tumo was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Tumo located?
Tumo is headquartered in Buenos Aires, Argentina.
Is Tumo a funded company?
Tumo is a funded company, having raised a total of $20K across 1 funding round to date. The company's 1st funding round was a Seed of $20K, raised on Jun 01, 2024.
What does Tumo do?
Tumo was founded in 2023 and is headquartered in Buenos Aires, Argentina. Accounting and tax advisory services are offered to clients in the professional services sector. Operations focus on financial compliance and advisory support, with expertise delivered through a team of co-founders including Lucas Martinez, Ricardo Espinosa, and Joaquin Panos. The companys domain, tumo.app, supports its digital presence in the region.
What products or services does Tumo offer?
Tumo offers Mobile App and App Maintenance.
Who are Tumo's investors?
Tumo has 1 investor. Key investors include Techstars.