Allug

Brazil

Allugg (also referred to as Allug) is a Brazilian startup that rents technology equipment to businesses, addressing the problem of high upfront costs for hardware. It operates under a Hardware as a Service (HaaS) model, offering rental of tech equipment to companies. The startup serves businesses in Brazil and raised R$30 million (approximately US$6 million) via a FIDC (Fundo de Investimento em Direitos Creditórios) with backing from Oslo DTVM to scale its operations over the next 18 months.