L4 Venture Builder Takes Minority Stake in Vermiculus
STOCKHOLM, March 14th 2023, L4 Venture Builder, an independent investment fund with capital for investments in the ecosystems of innovation and entrepreneurship will take a minority stake in Vermiculus Financial Technology, specialized in providing state-of-the-art technology to exchanges, clearinghouses, and CSDs. Both sides have signed an agreement defining the terms of the investment which will include a transaction of USD 5,55 million by L4 to fuel Vermiculus accelerated growth. The transaction is expected to close in the coming weeks. Founded in 2022, with committed capital of R$