Target Information

Today marks a historic milestone for Oria Capital as we proudly announce the Initial Public Offering (IPO) of Zenvia Inc. (ZENV) on the Nasdaq. Zenvia is a portfolio company of the Oria Tech I, Oria Zenvia Co-Investment, and Oria Tech III funds, becoming the first Software as a Service (SaaS) company based in Latin America to go public on Nasdaq.

This journey has been exhilarating since our initial investment in 2014, during which Zenvia served 4,000 clients. Today, that number has grown to over 11,000, and this IPO signifies a new chapter for Zenvia as it transitions into a public entity listed in the United States.

Industry Overview in Brazil

The Brazilian market for B2B technology solutions has been experiencing robust growth, driven by increasing digital transformation across various sectors. With companies accelerating the adoption of cloud technologies and enhancing customer engagement strategies, the demand for effective SaaS solutions has soared. Zenvia, with its innovative communication platform, is well-positioned to thrive in this expanding market.

Furthermore, the local economy's recovery from the pandemic has revitalized many industries that rely on technology to streamline operations and improve customer interactions. This shift has fostered an environment ripe for technological investments, making Brazil an attractive destination for tech companies, especially those specializing in customer experience and engagement.

Brazil's technology sector continues to attract significant foreign investment, highlighting the confidence investors have in the country's ability to deliver cutting-edge technology solutions. As companies increasingly seek to differentiate themselves, those that can offer tailored, scalable tech products will likely capture a significant share of the market.

As Latin America's largest economy, Brazil's regulatory environment is gradually becoming more conducive to tech startups, making it easier for companies like Zenvia to scale and innovate. These trends present a compelling case for ongoing investment and growth potential within the Brazilian tech landscape.

Rationale Behind the Deal

The IPO of Zenvia Inc. serves as a testament to Oria Capital's commitment to nurturing high-growth B2B tech firms. By leveraging our expertise in providing growth capital and strategic guidance, we have successfully supported Zenvia through significant inflection points in its journey. The public listing not only enhances Zenvia's visibility and credibility but also provides the necessary capital to expand further and innovate its offerings.

The success of this IPO reflects our thorough evaluation of Zenvia’s business model and its potential for sustainable growth within an evolving market landscape. The substantial growth in customer adoption of Zenvia's services underscores the soundness of this strategic decision.

Investor Information

Oria Capital is recognized for its focused investment strategies targeting high-potential tech companies. Our team brings over 30 years of operational technology experience and global financial acumen, which we apply in guiding our portfolio companies towards long-term success. Through our hands-on approach, we have fostered an environment where innovation can flourish while ensuring sustainable business practices are at the forefront.

We appreciate the collaborative efforts of various financial institutions, including Goldman Sachs, Morgan Stanley, Bradesco BBI, Itaú BBA, UBS Investment Banking, and XP Investimentos, who played crucial roles in facilitating this IPO. Their expertise was instrumental in delivering successful outcomes during this intricate process.

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The successful IPO of Zenvia Inc. signifies a strong opportunity for growth within the Brazilian tech landscape, and we view this investment as a favorable strategic move for Oria Capital. The increasing demand for effective SaaS solutions positions Zenvia well for continued growth, creating value for its shareholders.

Moreover, the rigorous planning and teamwork that went into this IPO process further validate our belief in Zenvia's potential. By tapping into the resources that come with being a public company, Zenvia is poised to accelerate its growth trajectory while continuing to meet the evolving needs of its expansive client base.

As the tech sector in Brazil continues to evolve, investments like this become crucial for fostering innovation and competition. Oria Capital's strategic involvement in Zenvia reflects our commitment to supporting companies that drive transformation in their industries.

Overall, we believe that the extension of Zenvia's business model through public capital will not only enhance its operational capabilities but also solidify its market position as a leader in customer communications solutions.

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