MoFo News Item

MoFo Advises SoftBank Latin America Fund and Riverwood Capital on Investment for Gupy

01 Mar 2022

Morrison & Foerster advised entities managed by SoftBank Latin America Fund and Riverwood Capital in connection with co-leading a Series B funding round for Gupy, a Brazilian human resources technology startup. Founded in 2015, Gupy uses artificial intelligence to help companies of different sizes digitize and improve the recruitment process, onboarding, and long-term development of their talent. According to the startup, it has around 1,500 client companies with 22.5 million users in Latin America and 470 employees.

Launched in 2019, the $8 billion SoftBank Latin America works with a variety of companies and entrepreneurs to accelerate tech-focused innovation and define the future of Latin America.

Founded in 2008, Riverwood Capital invests in high-growth companies in the technology and technology-enabled industries globally, offering a unique combination of operational, strategic, technology, and financial insight to portfolio companies that typically need growth capital and expertise to scale. Riverwood has actively invested in and supported leading technology businesses in Latin America for over a decade.

The MoFo deal team advising SoftBank Latin America Fund and Riverwood Capital on the transaction was led by Miami-based corporate partner Alexandra Aguirre, together with associate Fernando Guardazzi.

Read more in Gupy’s press release.

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