Netrin raises US$6.65M to scale third-party risk management in Brazil
What's the deal? NetrinDealroom has a profile for this one. Try Dealroom →, a Curitiba-based startup focused on corporate risk management involving suppliers, customers and business partners, has raised US$6.65M from Insi Ventures. The company plans to use the funds to develop its platform, expand commercial operations, and build new automation, artificial intelligence, and continuous monitoring tools.
What's the endgame? Founded in 2020, Netrin automates vetting, compliance, and risk tracking across suppliers, distributors, sales reps, and service providers. It serves more than 320 organisations, including AmaggiDealroom has a profile for this one. Try Dealroom →, VeoliaDealroom has a profile for this one. Try Dealroom →, IpirangaDealroom has a profile for this one. Try Dealroom →, Faber-CastellDealroom has a profile for this one. Try Dealroom →, and BraskemDealroom has a profile for this one. Try Dealroom →, and targets US$12.8M in revenue by 2028.
Why now? Corporate risk has moved beyond company walls, chief executive officer Caciporé Valente argues, as supplier failures, data leaks, and partner insolvency now hit operations directly. The platform replaces spreadsheets and scattered controls with a single system that cross-references data and continuously updates each relationship's exposure.
It tracks regulatory, financial, labour, environmental, reputational, and information security risks across a company's third-party network.
What could go wrong? Adoption in Brazil lags mature markets. A DeloitteDealroom has a profile for this one. Try Dealroom → study cited by Netrin found only 7% of Brazilian companies have a risk management structure considered integrated and efficient, with data still split across purchasing, legal, audit, and compliance teams.
The signal: The round rides the global rise of Third-Party Risk Management (TPRM), driven by outsourcing, sprawling supply chains, and tighter rules on data privacy and cybersecurity. "Our objective is to bring this evolution to Brazil and transform risk management into a strategic business capability," Valente said.
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