Global investment firm Warburg Pincus is investing more than $120 million to take a controlling stake in São Paulo, Brazil-based corporate travel management platform Voll, the companies announced. The investment, which is expected to close in the first quarter of 2026, will accelerate Voll’s development of AI-powered solutions for corporate travel and expense management, according to the companies. Voll currently reports more than 850, 000 users on its platform, which combines expense and travel management in a single app. “The company drives measurable value and efficiency for enterprises through a differentiated AI-powered platform and strong fundamentals,” Warburg Pincus managing partner and Brazil office head Bruno Maimone said in a statement. “We see significant growth potential in a highly fragmented market and are excited to partner with the founding team to accelerate Voll’s next phase of growth.” The firm is acquiring the stake from Brazilian car rental company Localiza, “whose partnership has fueled Voll’s growth over the past three years,” according to Voll CEO Luciano Brandão, who along with the company’s other founders will continue to lead Voll following the investment, according to the companies. Voll’s clients include Banco Itaú, education group Cogna, investment management company XP, fintech company Nubank, online food ordering company IFood, energy holding company CPFL Energia and multinational conglomerate Andrade Gutierrez.
https://www.businesstravelnews.com/Management/Warburg-Pincus-to-Take-Controlling-Stake-in-Voll