Garcia: Solides is the only SMB HR software player in Brazil
Alessandro Garcia · Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation · Apr 7, 2023 · at 6:55
Alessandro Garcia, founder and CEO of Brazilian HR platform Solides, describes their market positioning relative to US competitors like BambooHR.
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“Today we don't have other players providing HR software for small video companies in Brazil. In the US you have a Bumble HR and other players, but here we are playing this game alone.”
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More from Alessandro Garcia
Garcia: No other company globally uses behavioral algorithms beyond hiring
“I believe no one in the world is using behavior algorithm to make that. It's only to see how people works in hiring process.”
Solides raised a $100M Series B funding round
“Yes, from a wall of people, a hundred million dollars.”
Garcia: Solides avoids underwater stock option issues due to revenue growth
“Today we not have this problem, even with the, this lower of the multiples in, in valuations because we grew a lot since from them. So we don't have to deal with this problem. We have a lot of problems, but not this.”