Brazil’s Medway Lands Series-A Round of $15 Million Led by Softbank Latin American Fund

Global Founders Capital, EquitasVC, Neuron Partners and Aggir Ventures joined the round

Brazil’s Med Edutech Medway lands a Series-A investment round led by Softbank Latin American Fund with the participation of GFC-Global Founders Capital, EquitasVC, Neuron Partner and Aggir ventures.

Medway is an educational MedTech providing courses and support to candidates trying to enter medical residency in Brazil. The country has over one thousand institutions offering about sixty five hundred resident programs for doctors coming out of more than 300 schools every year.

This huge market is basically untapped by Edutechs. But, as Brazil’s Medway lands its Series-A from a major investment fund such as Softbank, other sizable players will certainly test the waters on this space.

The startup was founded in 2017 by Alexandre Remor (CEO), Micael Hamra and João Vitor Fernando, three former med residents. Together and based on their extremely successful experience in being accepted at the top medical residency institutions of Brazil, the Trio created a platform to assist candidates to pass exams that have an approval rate that can get as hard as 1 to 20 ratio of acceptance.

About Medway landing its Series-A Investment

As Medway lands its Series-A investment from powerful investment funds, it will enable the startup to compete in a very crowded market with dominant players such as Afya, MedGroup and Sanar.

The round will also enable Medway to enter five more States in the country creating products that will support doctors along their entire career.

The Esquires and the Firms Behind the Deal

Foley & Lardner LLP acted as U.S. legal counsel to Medway. 

The author of  Latin America’s Investment Boom and the Pitfalls of American Jurisdiction, Silicon Valley partner and Latin America specialist,  Andre Thiollier, represented Medway, and led the Foley’s legal deal transaction team structuring the U.S. and international aspects of the transaction with contribution from corporate associate Saige Gallop and  Nicholas Fletcher. 

In 2021 the firm made a major leap into the M&A Venture capital services from its Palo Alto and San Francisco offices, which has placed it as one of the top U.S. firms servicing Latin America, and specially Brazil, today.

The Am Law 50 and Chambers Global Foley & Lardner is a US-based full service global law firm with over 26 offices around the globe. 

Veirano Advogados acted as Brazilian legal counsel to Medway.

Partners Lior Pinsky (picture left) and Guilherme Monteiro lead the firm’s deal team which had the contribution from associates Fernão Henrique Moura de Castro and Pâmela Pinheiro.

The Global Chambers Brazil and Latin Lawyer 250 Veirano Advogados is a full service law firm based in São Paulo with offices in Rio de Janeiro, Porto Alegre and Brasília, and is highly regarded as one of the top Brazilian law firm in the corporate spaces specially in the areas of M&A, Private Equity and Venture Capital.

TozziniFreire Advogados acted as Brazilian legal counsel to Softbank and the Investors with a team led by partners João Busin and Beatriz Seixas with contribution from associates Victor Farias Françoso and Luis Felipe Bueno Sima.

The IFRL1000 and Legal 500 accredited partner João Busin is head of the Private Equity & Venture Capital practice group of TozziniFreire and together with Beatriz Seixas are based in the São Paulo headquarters of the firm, and are regarded as renowned specialists in the M&A Venture Capital and emerging growth technology companies spaces.

The Latin America Chambers 2022 TozziniFreire is a full service law firm and one of the most traditional firms of Brazil with headquarters in São Paulo and offices in Rio de Janeiro, Brasilia, Campinas, Porto Alegre, Caxias do Sul and New York. 

Nelson Mullins Riley & Scarborough acted as U.S. legal counsel to the Investors, with partners Leandro Molina leading the firm’s deal team.

Marcus Valverde Advogados acted as Brazilian legal counsel to Aggir ventures. Partner Marcus Valverde led the firm’s deal team.