Foley Represents Brazilian Unicorn unico in $100M Series D Financing

Foley & Lardner LLP recently represented unico, a Brazilian IDtech startup valued at $2.6 billion, in its $100 million Series D financing. The round was led by Goldman Sachs Group Inc. and included General Atlantic and SoftBank Latin America Fund, which were existing investors in the startup. In addition to the investment, Goldman Sachs will also join unico’s board as an investor and strategic partner. 

The new $2.6 billion valuation is two and a half times the size reached in the last round of funding, making unico one of the largest SaaS companies in Latin America. The newly raised capital will be used to leverage unico’s international expansion as it seeks to expand its digital identity ecosystem to other Latin American countries. 

Founded in 2007, unico develops digital identity protection solutions that support the largest retailers, private banks, fintechs, and telecom companies. unico currently carries out about 25 million identity authentication transactions per month, including access to banks, digital wallets, fintechs, retail, and e-commerce.

The Foley team was led by Partner André Thiollier and included Partner Emory Ireland and Associate Cayman Weimer.