Foley & Lardner LLP represented Tidemark in its growth equity investment in Onfly, a Brazilian travel technology company providing an end-to-end corporate travel and expense management software platform.
Onfly’s platform integrates corporate travel and expense management tools, helping businesses gain better visibility into travel spending, reduce fraud, and ensure closer adherence to corporate policies. The platform replaces traditional travel management company services with a modern, self-service booking solution that leverages both proprietary supply and available inventory to deliver cost savings to corporate clients.
Tidemark is a growth equity firm purpose-built to help companies scale and win, and this investment aligns with Tidemark’s strategy of supporting growth-stage companies that are advancing innovation in key industries. Onfly is the leading (and largest) corporate online travel agency in Latin America, a market that is experiencing rapid adoption of software solutions to modernize business operations, including travel management. Onfly’s platform is well-positioned to meet the region’s increasing demand for more efficient travel and expense control, particularly in Brazil, where the corporate travel market is still developing.
The Foley deal team was led by partner Joseph Bernardi and included partner Raj Tanden, of counsel Marina Choundas, and associate Trevor Mullin.