Oria Capital reached a BRL500m final close for Oria Tech III. Oria Tech III has already deployed 40% of its capital in Gupy, an AI-powered recruiting platform, Knewin, a news and social media analytics platform, and Zenvia, a customer management and communications platform.
(Press Release) – Oria Capital is pleased to announce that Oria Tech Ill LP (“Fund Ill” or the “Fund”) recenUy 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.
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 111, 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.