IBBX’s US$3 Million Investment Round

Bronstein, Zilberberg, Chueiri e Potenza Advogados advised IBBX on the deal.

IBBX, the startup that developed a technology capable of capturing energy lost in the air, has raised a round to fund the escalation of its commercial efforts, with a focus on Industry 4.0. The check, for $3 million, came from Indicator Capital. IBBX still hopes to raise another $2 million and is in advanced talks with some funds.

IBBX was founded two years ago by Luiz Fernando Destro, a physics enthusiast who dropped out of college to work in an industrial company.

Indicator Capital is a venture capital firm operating in São Paulo, Brazil.

The Bronstein, Zilberberg, Chueiri e Potenza Advogados team included Guilherme Potenza, partner (Picture), Paula Bobrow, associate, Victoria Auada, associate, and Alfredo Neri, partner.

Involved fees earner: Victoria Auada – Bronstein, Zilberberg, Chueiri & Potenza Advogados; Paula Bobrow – Bronstein, Zilberberg, Chueiri & Potenza Advogados; Alfredo Neri – Bronstein, Zilberberg, Chueiri & Potenza Advogados; Guilherme Potenza – Bronstein, Zilberberg, Chueiri & Potenza Advogados;

Law Firms: Bronstein, Zilberberg, Chueiri & Potenza Advogados;

Clients: IBBX;