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99 is a mobility and ride-hailing platform based in São Paulo, Brazil, that connects independent drivers and licensed taxi operators with urban commuters. Originally launched as a taxi-hailing application, the company has since expanded its commission-based marketplace to include private car rides, food delivery through 99Food, and digital payment services via 99Pay. The platform currently serves over 20 million active users and partners with more than 750,000 registered drivers across thousands of Brazilian municipalities. Prior to its acquisition, the company received venture capital backing from prominent investors including SoftBank, Monashees, and Riverwood Capital. In January 2018, the enterprise was acquired by DiDi Chuxing, achieving a $1 billion valuation to become Brazil's first technology unicorn. 99 was founded in 2012 by Paulo Veras, Ariel Lambrecht, and Renato Freitas.
99 has raised $234.6M across 2 funding rounds.
Key people at 99.
99 has raised $234.6M in total across 2 funding rounds.
Ninety Nine Technologies is a U.S.-based technology services company founded in 2021, specializing in custom software development, digital marketing, web and app development, UI/UX design, talent acquisition, and eCommerce solutions to drive business growth for SMBs.[1][2][5] With 100-249 employees and offices in Eagan, Minnesota, it serves industries like IT, finance, and real estate, offering tech stacks including JavaScript, Python, Ruby on Rails, PHP, and Java at hourly rates around $49.[1][2] The company emphasizes innovative, tailored solutions with transparent pricing based on project scope, complemented by post-launch support and quality assurance.[2]
Note: Search results also reference a separate Swiss medtech firm, 99 Technologies SA, focused on disinfection systems, but the query's "99 - 99" and U.S.-centric details align primarily with the Minnesota-based software provider.[3][4]
Ninety Nine Technologies was established in 2021 in Eagan, Minnesota, evolving from a previous agency called NineTwoThree.[1] It positions itself as a premier provider of technical software solutions, quickly scaling to a team of 150+ professionals focused on digital transformation.[5][6] Early emphasis was on comprehensive services like software development and marketing, with pivotal growth in catering to diverse industries through custom projects, as evidenced by its rapid buildup of expertise in multiple tech stacks and client testimonials on platforms like DesignRush.[1][2]
Ninety Nine Technologies rides the wave of digital transformation for SMBs, capitalizing on post-pandemic demand for affordable, integrated tech solutions like custom CRM, automation, and marketing tech amid rising eCommerce and remote work trends.[2][5] Its timing aligns with market forces favoring outsourced development for cost efficiency—U.S. SMBs increasingly seek mid-sized agencies over freelancers or giants for speed and expertise, especially in competitive sectors like finance and real estate.[1] By enabling quick scalability and visibility (e.g., via SEO and apps), it influences the ecosystem by empowering smaller players to compete digitally, reducing barriers to tech adoption in a landscape dominated by high-cost enterprise tools.[2]
Ninety Nine Technologies is poised for continued expansion through AI integrations, advanced app development, and deeper eCommerce plays, leveraging its versatile stack and U.S. SMB focus amid 2026's AI-driven automation boom.[2][5] Trends like hybrid cloud services and personalized marketing will shape its trajectory, potentially growing its client base via partnerships and talent acquisition strengths.[1] Its influence may evolve from service provider to ecosystem enabler, fostering startup-like agility for traditional businesses—watch for international scaling or acquisitions to amplify its tech-driven growth story.[1][2]
Key people at 99.
99 has raised $234.6M across 2 funding rounds. Most recently, it raised $134.6M Debt in February 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 23, 2026 | $134.6M Debt Financing | Bradesco BBI | 99 | Announced |
| Jan 4, 2017 | $100M Venture Round | WEI Cheng | — | Announced |
99 has raised $234.6M in total across 2 funding rounds.
99's investors include Bradesco BBI, 99, Wei Cheng.