Two icons of startups in Brazil, Distrito, an innovation platform, and Cubo Itaú, the most relevant hub for promoting technological entrepreneurship in Latin America, entered into an unprecedented partnership to carry out the third edition of the CVC Summit, which takes place on the 14th of December at 8:30 am. The programming, which is aimed at companies that want to invest in startups and seek ways to understand this market, brings the experience of executives who work at the CVC of groups such as Itaú Unibanco, Via, Vivo, Eurofarma and Wilson Sons.
The first panel discusses expectations for Corporate Venture Capital in 2023. This year, VCs hit the brakes, reducing resources for startups because of the global rise in interest rates. But is the CVC accompanying the VC? Raphael Martianhead of CVC and Open Innovation at Wayra and Vivo Ventures, Helisson LemosChief Innovation Officer da Via, e Anderson TheesItaú Unibanco’s Venture Capitalist, will analyze how the macroeconomic scenario should weigh on the CVC next year, whether the CVC will follow a different path from the VC and the investment theses that may prevail, among other topics.
The next panel puts on the table the journey that companies that seek to invest in startups from outside Brazil go through. Erica MenezesHead of Corporate Venture Capital da Eurofarma, Andre PortoHead of Innovation da Wilson Sons, e Artur FariaCEO of Oxygea Ventures, who led investments in startups abroad, talk about their experiences, the difficulties in making these investments, the risks and advantages.
Between the two panels, Ricardo KahnManaging Director of Valetec Capital, will present “How to plan and implement a CVC”.
Gustavo GierúnCEO and co-founder of Distrito, says:
“While we have seen a slowdown in VC investment in startups this year, the Summit will show that the world of VCs has a slightly different logic. Companies weigh factors such as synergy or business diversification, expansion plans and value generation. Therefore, it is important to exchange these experiences, because what works for an exporter may not work for a retailer.”
Paulo CostaCEO of Cubo Itaú, says:
“Throughout this year, we have accompanied several Brazilian organizations to launch their CVC vehicles. By July, there had already been approximately R＄ 1.5 billion in minority contributions to startups of different sizes and sectors. We are very pleased with this partnership to offer such a relevant event and full of opportunities for players in the innovation ecosystem. It will be a pleasure to receive in our house specialists who have so much to contribute through their experience.”
The meeting ends with the presentation of a successful case in CVC: the investment of R＄ 7 million that Randon Ventures made in March of this year in Money Money Invest, the platform that makes the match between small and medium-sized companies in search of credit and investors willing to lend these resources. Marcos TravassosCEO and founding partner of Money Money will present the case.
The Summit is sponsored by Valetec and the FM/Derraik office.
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