O Nubank got it right when it acquired Olivia, a company that uses artificial intelligence to help consumers spend better. In fact, Brazilian managers Moises Swirski and Richard Zeiger celebrated not only for the fact that they were making a divestment in one of the companies in the portfolio of MSW Capital. In the M&A of US$ 47 million, the firm also proved its thesis.
In this sense, it is worth mentioning that, in what may have been the first corporate venture capital vehicle dedicated to several companies in Brazil, MSW made a raising R$35 million in 2015 alone for a multi-corporate venture capital with shareholders of the size of Microsoft, Qualcomm, BB Seguridade, Bayer and Algar.
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Thus, about seven years after that, MSW Capital strongly believes that the model has effectively managed to show its differentials. Of course, out of a portfolio of 15 investees, the house's first multi-CVC fund made two divestments: in addition to Olivia, Car10, a kind of market place for automotive workshops and services, which was sold to Webmotors (Santander).
As a result, the company has managed to recover practically all the capital it had invested and still has enough portfolio to deliver a good financial return at the end of the fund, without shadow of doubts.
“Our first fund was almost an MVP. It was new to everyone, a model that brought corporations together in a single vehicle to invest in different theses. Now, the market has matured and corporations recognize that they need corporate venture capital as central pillar for the open innovation strategy”, highlighted Zeiger, who is also a partner at MSW Capital.
Geographer and pseudo writer (or otherwise), I'm 23 years old, from Rio Grande do Sul, lover of the seventh art and everything that involves communication.
