Mevo Raises $20 Million Series B Round Led by Investment Fund Matrix

Mevo raises $20 million Series B round to accelerate its growth and expand its operations throughout Brazil. The leading digital prescriptions Brazilian healthcare startup, has successfully completed its Series B funding in an investment round led by investment fund Matrix.

The round was led by prominent investors in the venture capital space. The round solidifies Mevo’s position in the market. The capital injection is expected to help Mevo scale its technology platform and expand its client base.

The Investors Behind the Round

The leading investor in Mevo‘s recent $20 million funding round was well recognized investment fund Matrix, a venture capital firm based in San Francisco. Matrix has a strong venture capital history, being one of the early investors in tech giants like Apple, FedEx, and Canva. This is Matrix‘s first investment in a Brazilian startup. Alongside Matrix, Jefferson River Capital, the family office of Hamilton James, also participated in the round.

Mevo has gained significant traction in recent years due to its innovative technology solutions. The funds raised will enable Mevo to invest in advanced technologies, such as artificial intelligence and automation, to enhance operational efficiency.

The Plans Moving forward as Mevo Raises its $20 Million Series B Round

With this new round of funding, Mevo is well-positioned to sustain growth for the next decade. The company plans to leverage the capital to expand into new markets and solidify its leadership in the industry in Brazil.

Mevo was founded in 2017 by Lucas Lacerda, Pedro Dias and Antonio Carlos Endrigo.

As Mevo raises its $20 million Series B, such resources will also help the startup expand its digital prescription system and support its growth for the years.

The Esquires and the Firms Behind the Deal

Foley & Lardner LLP acted as legal counsel to Mevo. 

 Silicon Valley partner Andre Thiollier led Foley’s deal team with contribution from tax partner James Howard, corporate associates Talita Guedes Duarte, Trevor Mullin and Nick Fletcher, Bella Tappin and Savannah Hatcher. 

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

Conyers acted as international legal counsel to Mevo with partner Nicholas Pattman leading his legal team.

Conyers is one the most recognized international law firms in the world.

Goodwin acted as U.S. legal counsel to Matrix with partners David V Cappillo and Matthew Reardon leading the firm’s deal team and with contribution from associates Matthew Cane, and Luke Neveu.

Goodwin is a U.S. global law firm with offices in North America, Europe and Asia.

Demarest acted as Brazilian legal counsel to the investors. Demarest’s legal team was led by partners Guilherme Vieira da Silva, Bruno Aurelio and with associates Bianca Reis, Monique Guzzo.

Demarest is one of the most traditional law firms in Brasil with main offices in São Paulo.