Wehandle
Ensures strategic management of its suppliers and contracts.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | $1.2m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Based in Campinas, Brazil, Wehandle offers a technology-driven platform for managing third-party services, founded in 2020 by Rodrigo Faustini. The company emerged from the founders' direct experiences with the inefficiencies of third-party management, such as manual processes, lack of scalability, and operational risks. Wehandle targets large enterprises that rely on field service contractors, including maintenance teams, cleaning crews, and logistics partners, primarily within Brazil and Latin America.
The company's core business revolves around a Software-as-a-Service (SaaS) platform designed to streamline the entire lifecycle of outsourced services, from vendor approval to ongoing management. This web-based system automates the importation, management, and verification of documents, helping clients mitigate labor liabilities through predictive risk monitoring. By leveraging artificial intelligence, the platform can validate over 1,000 document types, a significant leap from the manual, sample-based validations offered by traditional consultancies. Revenue is generated through this platform, which provides clients with real-time data, intelligent automation, and efficient control over their outsourced operations, aiming to reduce costs by up to 60% compared to traditional methods.
Significant milestones include the validation of their product and the launch of an approval module in 2021, followed by the pioneering implementation of AI in their third-party management system in 2022. The company has successfully raised $1.2 million in funding to support its growth. The platform serves as a centralized hub that connects service providers with their customers, offering tools to evaluate performance through graphs and reports and to measure risks and service levels. This approach not only enhances efficiency and compliance for the hiring company but also reduces bureaucratic hurdles for suppliers, empowering qualified vendors and expanding their business opportunities.
Keywords: third-party management, vendor management, contractor compliance, risk mitigation, SaaS, B2B software, HR technology, supply chain management, operational efficiency, compliance automation, document verification, labor risk, procurement software, outsourcing management, Brazilian startups, Latin America tech, Rodrigo Faustini, AI in HR, predictive analytics, contract management