| Founded | 2014 |
|---|---|
| Closed | 2022 |
| Country | Brazil |
| Sector | Fintech |
| Total raised | $30M |
| Collapse type | Regulatory Kill |
| Founder | João Braga |
Zul+
"São Paulo startup that digitised the city's street parking voucher system, raised $30M, and built a 1M+ user base — lost its core business when the City of São Paulo awarded the parking concession renewal to a competitor."
Forced closure by regulatory action
Key Events Timeline
Zul+ (originally Zul) was founded in 2014 in São Paulo by João Braga to digitise São Paulo's street parking system — the "Zona Azul" (Blue Zone), where drivers traditionally bought paper vouchers from street vendors to park legally.
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