With over BRL 1.5 billion in assets under management, Oria intends to invest in six companies through this vehicle
Oria Capital is pleased to announce that Oria Tech III LP (“Fund III” or the “Fund”) recently held its final closing at BRL 500 million, approximately $100 million, including a co-investment sleeve of approximately $42 million, bringing its assets under management to over BRL 1.5 billion ($300 million).
The Fund has already invested in three companies - Gupy, Knewin and Zenvia - and is expected to add three new investees to the portfolio.
“We invest in entrepreneurs and technology companies providing high growth, scalable business models, and with the potential to become market leaders. In 2020, our portfolio companies grew 30% on average”, remarks Jorge Steffens, co-founder of Oria.
Oria Tech III, its largest investment vehicle to date, completed its first investment in 2019, and has deployed nearly 40% of capital to date in three companies – Gupy, Knewin, and Zenvia. The remainder allocation is expected to take place within the next 18 months. The fund includes capital from local and international institutional investors, family offices, and individual investors.
“We spend two to three years with founding teams, on average, building a strategic business plan together far ahead of completing an investment. We bring our 30 years of operating software experience to the fore, providing intelligent capital for periods of inflexion”, adds Fabiana Andrade, partner at Oria Capital.
About Oria Capital
Founded in 2009, Oria Capital is a growth equity manager focused on B2B technology. Oria’s mission is to multiply knowledge and foster business continuity and innovation in the world. We contribute to a more sustainable reality by boosting the development of industry tech leaders who are committed to generating high quality jobs and social inclusion. With over BRL1.5 billion under management (AUM) and a history of 30 years of experience in the technology sector, the team has led over 40 transactions in technology space in Latin America. Oria is B-Corp® Certified, the only private equity company B2B Tech in the world to achieve such recognition. The manager is also a signatory to the UN Principles for Responsible Investment (PRI).
Press Relations - Oria Capital
Danthi Comunicações
Carla de Azevedo: +55 (21) 99361-1422 / carla@danthi.com.br
Gabriel Martins: +55 (21) 98388-4801 / gabriel@danthi.com.br