Embraer Invests in a Fund Managed by MSW and Strengthens its Corporate Venture Capital Program
In the image, Daniel Moczydlower, head of innovation at Embraer (center), alongside Moises Swirski and Richard Zeiger, co-founders of MSW Capital.
Photo © Embraer - Disclosure. |
Embraer (B3: EMBR3 – NYSE: ERJ) announced today an initial
investment in the MSW MultiCorp 2 of R$ 20 million (around US$ 4 million), to
attract and boost innovative Brazilian startups that synergize with the
company's innovation strategy. Embraer has strengthened its role in promoting
entrepreneurship in the Brazilian ecosystem, not only by making investments but
creating partnerships with entrepreneurs interested in working collaboratively.
MSW MultiCorp 2 is managed by MSW Capital, a Venture Capital
manager and a pioneer in Brazil specialized in Corporate Venture Capital. This
is MSW's second Multi-Corporate Venture fund. The model developed by the
manager allows large corporations to invest in startups in a strategic and
structured way. Upon entering the fund, Embraer joins Moura Baterias and BB
Seguros in expanding the fund's investment focus areas in Insurance and Energy
for startups with digital and platform solutions for the aerospace, agro, and
cargo-logistics sectors.
“Our mission is to co-create the future of Embraer, the
invested, and the ecosystem through jointly designed innovation. In this way,
via Embraer Ventures, we seek to leverage the company's innovation strategy and
we are excited to be able to collaborate even more with the country's
entrepreneurial force,” said Daniel Moczydlower, Head of Innovation at Embraer
and CEO of Embraer-X.
MSW MultiCorp 2 will always invest as a minority in startups
in seed and series-A stages with checks between R$3 million and R$15 million in
businesses where it is possible to generate value with the impetus of Embraer
and/or other investors in the fund. An Impulse Plan will be carried out for
every investee company, a way in which the fund leverages the startup business
and brings innovation to the corporations. Startups that fit this profile and
in the indicated markets can send their decks directly to the manager.
From Richard Zeiger, co-founder at MSW: “Embraer is one of Brazilian companies that best represents entrepreneurship and innovation on a global scale. Having the opportunity to strengthen the company's CVC program is a very important milestone for MSW and a privilege. This investment consolidates our MultiCoporate model, where we gather more than one corporation into a venture capital fund. And we go in search of the best entrepreneurs who are creating solutions in the markets in which corporations operate or aim to operate at some point.”
Embraer Ventures Fund
Embraer sees its Corporate Venture Capital Program (CVC) as
an approach that allows for the promotion of adjacent and transformational
initiatives, in an agile way, leveraging external resources and sharing risks
to explore new business models and accelerate the development of emerging
technologies.
Embraer Ventures allows the company to strategically invest
in minority stakes in startups. In 2014, the company started the first CVC
fund, FIP Aeroespacial, which has already been fully invested, and in 2018, the
company invested in the Catapult Ventures Fund, headquartered in Silicon
Valley, in the United States, expanding the geographic reach of investments in
high technology and innovation. The investment in MSW MultiCorp 2 came to
further strengthen the company's CVC program as a whole, mainly in Brazil in
investments in startups in earlier stages.
About Embraer
A global aerospace company headquartered in Brazil, Embraer
(NYSE: ERJ) has businesses in Commercial and Executive Aviation, Defense &
Security, and Agricultural Aviation. The company designs, develops,
manufactures, and markets aircraft and systems, providing after-sales service
and support to customers. Since it was founded in 1969, Embraer has delivered
more than 8,000 aircraft.
On average, every 10 seconds an aircraft manufactured by
Embraer takes off somewhere in the world, transporting more than 145 million
passengers a year. Embraer is the main manufacturer of commercial jets with up
to 150 seats and the main exporter of high value-added goods in Brazil. The
company maintains industrial units, offices, service centers, and parts
distribution, among other activities, in the Americas, Africa, Asia, and
Europe.
About MSW Capital
MSW Capital is a venture capital manager specialized in
Corporate Venture Capital that invests in early stage startups. It is the first
manager in Brazil to look to corporations as business partners and to structure
and manage multi-corporate or proprietary corporate venture capital funds.
Dedicated to enhancing the relationship between corporations and startups,
based on a relationship of trust and aimed at generating value for both. Among
its main clients/investors are corporations such as Banco do Brasil, Microsoft,
Bayer, Algar, Moura Batteries, Banco BV, Qualcomm, Monsanto, Age-Rio, BB
Seguros and Embraer. And, among its main portfolio companies are Olivia, Car10,
Carflix, Tbit, Árvore Educação, Taranis, and Fabric.
*DISCLAMER:
The aviation news website MAIS QUE VOAR (MORE THAN FLY) does
not agree with Fakenews. This publication contains content with sources from
press.
This publication was written in Portuguese (Brazil) and
automatically translated by Google robots to English. MORE THAN FLY, adopted
Google technology for everyone around the world to have access to information
and optimize our time and budget with translations. We ask for common sense to
take into account translation errors. After all, every robot is limited and is
never compared to the superiority of a human intelligence.
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