Nuvini Announces Successful Financing Round and Appointment of New Chief Operating Officer
November 06 2024 - 8:30AM
Nvni Group Limited (Nasdaq: NVNI) (“Nuvini”), a leading B2B SaaS
acquirer in Latin America, is pleased to announce the successful
close of its latest financing round, consisting of a combination of
equity and convertible notes. The financing, led by Nuvini’s
Founder and CEO, Pierre Schurmann, and existing investors,
underscores the company’s strategic growth vision.
The convertible notes were secured at a
conversion price of $1.10 per share. The premium pricing signals
not only the company’s founder and investors’ belief in the
company’s resilience and growth potential but also a shared
commitment to building a robust foundation for sustainable,
long-term expansion.
In addition to this strategic financing
milestone, Nuvini is pleased to announce the promotion of Mr José
Mario Ribeiro to the role of Chief Operating Officer. Since the
announcement of Jose Mario as Board Advisor in August, he has made
significant contributions to the company, and his transition to
this expanded role will enable Nuvini to accelerate its focus on
embedding finance within its portfolio companies, further
amplifying operational efficiencies and growth opportunities.
“We are excited to welcome Mario to our
executive team. His extensive expertise and proven leadership will
be instrumental as we continue to scale and integrate financial
solutions into our operations,” said Pierre Schurmann, CEO of
Nuvini. “This financing round and Mario’s promotion underscore our
commitment to building a solid foundation for sustainable
growth.”
For more information on Nuvini’s recent
developments, visit https://ir.nuvini.co/.
About Nuvini
Headquartered in São Paulo, Brazil, Nuvini is
the leading private serial software business acquirer in Latin
America. The Nuvini Group acquires software companies within SaaS
markets in Latin America. It focuses on acquiring profitable
“business-to-business” SaaS companies with a consolidated business
model, recurring revenue, positive cash generation and relevant
growth potential. The Nuvini Group enables its acquired companies
to provide mission-critical solutions to customers within its
industry or sector. Its business philosophy is to invest in
established companies and foster an entrepreneurial environment
that would enable companies to become leaders in their respective
industries. The Nuvini Group’s goal is to buy, retain and create
value through long-term partnerships with the existing management
of its acquired companies. To date, Nuvini Group’s portfolio of
SaaS companies consists of Effecti Tecnologia Web Ltda., Leadlovers
Tecnologia Ltda., Ipê Tecnologia Ltda., Dataminer Dados,
Informações e Documentos Ltda., OnClick Sistemas de Informação
Ltda., Simplest Software Ltda. and SmartNX Tecnologia Ltda.
For more information, visit www.nuvini.co
For further information or media inquiries regarding this
partnership, please contact:
Nuvini Investor and Media ContactCamilla
Carrapatosoir@nuvini.co
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