Specialized in retail, HiPartners makes an investment and prepares a new fundraising round
Summary
HiPartners completed another investment, taking a stake in Payface, a facial-recognition payments startup used by more than 1,000 retail points of sale. The fund also said it is preparing a new capital raise of more than R$60 million to back additional retail-tech companies. HiPartners wants to expand into sectors such as pharmacies and bring more strategic support to its portfolio companies. The article also highlights the fund’s intent to add institutional investors and strengthen its advisory bench with retail and commercial experts.
Funding
Amount
$9.3M
Total raised
Date
June 1, 2022
Announcement date
Investors
Pizza Hut, Aliansce Sonae, VTEX, HIX Capital, ClearSale, Cnova, Apple, Stefanini, BTG Pactual
Lead investors
Company
https://payface.com.br
Funded company
Classifications
industries
Fintech & Banking
applications
Security
AskAI Classifications
Labels
Biometric Software
Payment Software
SaaS
Linked Companies
Payface
$10M to $25M