Vox Capital sold 30% of its stake in TEM, a Brazilian healthtech company offering a pre-paid card for health services in São Paulo, providing a partial exit for the firm at a 26% IRR. Vox invested R$3m in TEM in 2015.
(Press Release) Pioneering impact investments in Brazil, Vox Capital announces the first successful exit of this kind of investment in the country.
Impact Investing in Brazil has its first success: a 26% IRR exit from a healthcare startup that increase the access to quality services for low income clients. Vox Capital, the Brazilian pioneer impact investor, sold its stake at TEM, startup who offers access to low cost medical appointments, lab tests and discounts at drugstores through prepaid cards.
The exit happens after a non-disclosed deal closed between TEM and a global insurance company that will be announced later this month. With this deal, TEM will be able to expand its product portfolio and add insurance products to its over 1.5 million clients.
About Vox Capital
Founded in 2009, Vox Capital is the first and more active impact investing firm in Brazil. Its purpose is to foster a world where doing businesses create positive social change, and it does that by investing in innovative technology companies with potential to change low income people’s lives with solutions on education, healthcare and financial services. More at: www.voxcapital.com.br.
Founded in 2014 with the mission to deliver low cost, agile and high-quality healthcare services, TEM uses prepaid cards in a network of healthcare professionals providing savings on medical and drug expending to its over 1.5 million clients. More at: www.meutem.com.br.