Erp Omie Closes $100 Million Round

Erp Software Company Omie Closes $100 Million Round With Softbank And Riverwood

Omie, Brazil’s ERP software company, at the verge of becoming a unicorn, closes $100 million round led by SoftBank Group International co-led by Riverwood Capital in a multi-country round aiming at expanding its unique ERP software to integrate fintech functionalities and give its platform an edge over the competition, including Germany’s SAP and Brazil’s TOTVS, formerly Microsiga Software. The round was followed by capital funds Dynamo, Velt, Bogari Capital, HIX Capital, and Brasil Capital.

Already a #leader in the small and middle space, Omie aims now at integrating #fintech capabilities to its platform taking advantage of Brazil’s new #openbanking regulations which allow #fintechs and other services to plugin into the countries banking system. Recently, Omie signed a partnership with Banco Itaú, Brazil’s largest bank, to offer ERP and financial services to over 1,5 million companies. In an interview to Reuters, Marcelo Lombardo, founder and CEO of Omie, said that during the pandemic the company began aiming at clients with revenues up to BRL $200M, tipping a market dominated by giants such as Germany SAP, a bold move as Omie is able to offer better services for a fraction of the price.

The Esquires

Omie was represented by a cross border legal team in this transaction.

André Thiollier (Picture), Silicon Valley partner of Foley & Lardner LLP, led the Palo Alto legal team overseeing the U.S. legal impacts of the deal, which also included New York associate Ashley Youn-Jae Lee.

Blake, Cassels & Graydon LLP – Toronto oversaw the deal from a Canadian legal perspective with partners Jill Davis and Paul Stepak.

Machado, Meyer, Sendacz e Opice Advogados was the lead Brazilian counsel acting on behalf of Omie with partners Arthur Penteado, Manuela Lisboa Gentil Monteiro and Mariana Meditsch and associates Tatiana Machado Soares, Laura Dabronzo, Gustavo Ferreira de Campos and Helena Prescinotti C. de Andrade.

Pinheiro Neto Advogados‘ partner Ricardo Binnie acted as counsel related to Brazilian financial and banking laws. Conyers Dill & Pearman also acted as counsel according to Luiza Santibañez Nogueira of LexLatin Brasil.