L4 venture builder: Takes mintority stake in Vermiculus

L4 venture builder: Takes mintority stake in Vermiculus

  • L4 Venture Builder, an independent investment fund with capital for investments in the ecosystems of innovation
  • Entrepreneurship will take a minority stake in Vermiculus Financial Technology
  • Both sides have signed an agreement defining the terms of the investment which will include a transaction of USD 5,55 million
  • Founded in 2022, with committed capital of R$ 600million by B3 S.A. – Brasil, Bolsa, Balcão (B3)
  • The purpose of the investment fund is to empower entrepreneurs by bringing technology
  • Vermiculus has since established itself as a key player in the market through its focus on innovation
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...