Xerpa’s R$ 53 Million Series B Financing

Veirano Advogados acted as Brazilian counsel, and Orrick Herrington & Sutcliffe LLP acted as US counsel to Vostok Emerging Finance on the deal.

Xerpa, Brazil’s leading HR platform and salary-on-demand provider, raised a R$53 million round financing (approximately USD13 million).

Vostok Emerging Finance led the Series B investment round.

Xerpa Inc. is the holding of Monongahela Consultoria Empresarial Ltda., which is the operating company.

Vostok Emerging Finance is an investment company with the goal of investing in early stage modern financial services companies across emerging and frontier markets. VEF trades in Sweden on Nasdaq First North under the ticker VEMF SDB.

Veirano Advogados team included partner Renata Fialho de Oliveira (Picture), and ssociates Alexandre Camargo Turqueto and Paula Bobrow.

Orrick team was led by partner Jonathan Chou and associate Maria Bergenhem.

Involved fees earner: Maria Bergenhem – Orrick; Jonathan Chou – Orrick; Paula Bobrow – Veirano Advogados; Alexandre Camargo Turqueto – Veirano Advogados; Renata Fialho de Oliveira – Veirano Advogados;

Law Firms: Orrick; Veirano Advogados;

Clients: Vostok Emerging Finance ;

Author: Ambrogio Visconti.