Mr. Schurmann co-founded Nuvini S.A. in October 2020. He will be responsible for the strategic vision as well as the management and growth of Nuvini. Mr Schurmann previously was founder and Managing Partner at Bossanova Investimentos, from 2011 to 2019, the first pre-seed investment firm in Brazil, and today, the eighth most active investment firm in the world. While at Bossanova, he led over 600 investments in B2B startups. He also led Bossanova’s anchoring of Brazil’s first Venture Debt (by SP Ventures) and well as the country’s first angel investment fund (with Domo Investments (Nasdaq: DOMO)). Prior to funding Bossanova, Mr. Schurmann was co-founder and CEO of Experience Club, Brazil’s largest membership only B2B networking club, from 2006 to 2010, where he was responsible for managing the company and sponsorship sales. Over 600 of Brazil’s top 1,000 companies are members of Experience Club as of December 2022. Prior to that Mr Schurmann was co-founder and CEO of Conectis Experience Marketing, Brazil’s first experience marketing agency. At Conectis, he was responsible for general management, sales and client relations. IBM (NYSE: IBM), BASF (OTCMKTS: BASFY), Citroen, SAP (NYSE: SAP) and another 140 large enterprises were Conectis client at the time Conectis was acquired in 2006. Prior to that Mr Schurmann was co-founder and VP of ideas at ideia.com, a Brazilian technology incubator backed by Warburg Pincus, from 2000 to 2003, where he was responsible for sourcing and analyzing the incubators investments. Prior to that Mr. Schurmann was Director of Business Development at StarMedia (KLSE: STAR), a Latin American Portal, from 1998 to 2000. He was responsible for M&A and Business Development for Latin America. Prior to that Mr Schurmann was co-founder and Director of Business development at Zeek!, from 2007 to 2008, where he was responsible for corporate development and partnerships. Zeek! was acquired by StarMedia (KLSE: STAR) in 2009.
Mr. Busnello co-founded Nuvini S.A. in October 2020. As Chief Operating Officer, he will be responsible for the implementation of the company’s business plan, budget and oversee the performance of invested companies. As Interim Chief Financial Officer, he will be responsible for the finance, accounting, and legal divisions. Mr. Busnello previously served as Chief Technology Officer of EXPI (NASDAQ: EXPI), a high-end platform of corporate knowledge and news in Brazil in 2021 where he was responsible for the platform architecture and overseeing the development of programming. Prior to that,
Mr. Busnello served as Co-Founder, Chief Financial Officer and Chief Operating Officer of Veek Tecnologia S/A, the first 100% digital telecom in Brazil, from 2016 to 2020. He also was one of the early investors in Bossa Nova and has invested in the last 10 years in more than 12 tech companies, being an advisor or board member to some of them. Mr. Busnello has more than 20 years of entrepreneurship and operational experience and has a bachelor’s degree in business administration from FAAP – Fundação Armando Álvares Penteado and an international executive specialization in Entrepreneurship & Innovation from Babson College.
Mr. Klossner brings over 35 years of financial and operational experience to the team. His experience spans public offerings, private placements, Sarbanes-Oxley compliance, mergers and acquisitions, institutional negotiations, strategic growth and planning, productivity enhancement and team building. He previously served as chief financial officer of Kount Inc., an industry-leading digital fraud protection software-as-a-service company, which was recently acquired by Equifax Inc. (NYSE: EFX) in February 2021. Prior to Kount, Mr. Klossner served as chief financial officer for several fast-growth companies, including online retailer Backcountry.com, which was acquired in 2007 by Liberty Media Corporation (NASDAQ: LSXMB) for $120 million. During his tenure at Backcountry.com, the company’s revenue grew from $27 million in 2005 to over $325 million in 2012. Mr. Klossner received his B.S. in finance from the University of Utah and an MBA from the University of Southern California. We believe Mr. Klossner is well qualified to serve on our board due to his significant financial and operational experience.
Greg Warnock, Ph.D., has served as Mercato’s Chief Executive Officer and Chair of the Mercato Board since Mercato’s inception in February 2021. Dr. Warnock brings public company experience, private equity investment, fund management and operational experience as well as his association with Mercato, where he serves as co-founder and managing director. His operating experience spans technology, consumer and biotechnology businesses. Dr. Warnock has sourced 32 Traverse investments and 14 other investments through his Mercato Partners practice, including Skullcandy, Fusion-io, Inc., Cradlepoint, Inc. and Galileo, Inc., and currently serves on the board of Stance Inc., a privately held branded consumer goods company. Prior to Mercato, Dr. Warnock was a co-founder of vSpring Capital, a regional investment firm targeting both early and growth-stage companies. As lead managing director, he assembled the team, secured a Small Business Investment Company license, developed and documented the investment practice and oversaw the administration of the firm. He led the investment committee and participated in over 50 financings in 32 companies. Previously, as an individual investor, Dr. Warnock financed over 30 small businesses, was principal in more than 20 merger and acquisition transactions and launched and operated several businesses. Including a handful of other investment firms and practices, his investing experience has funded and benefited over 150 different companies. Dr. Warnock received a B.S. in Computer Science and a Master of Human Resource Management from the University of Utah. Dr. Warnock completed a Ph.D. in Entrepreneurship and Venture Finance at the University of Utah’s David Eccles School of Business. We believe Dr. Warnock is well qualified to serve on our board due to his significant investment experience.
Upon the Closing, Mr. Gonçalves will serve as a director of Nuvini. Mr. Gonçalves brings financial and entrepeneurial experience due to his work in the financial market and venture capital industry. As the co-founder and managing partner of DOMO Invest Gestora de Ativos in Brazil (“DOMO Invest”) since 2016, Mr. Gonçalves led and established DOMO Invest as an asset management company focused on injecting venture capital funds into pre-seed and seed stage companies. Under his leadership, DOMO Invest has successfully managed four funds to date (DOMO Ventures Fund II, DOMO Enterprise, DOMO FIP Anjo, DOMO Ventures Fund), accumulating over US$100 million of assets under management. Mr. Gonçalves co-founded Koolen & Partners in 2013, and served as a partner until 2021. Koolen & Partners is a venture capital firm with significant investments in startups such as Loggi, Gympass and Hotmart. Mr. Gonçalves has also served in leadership positions in the financial sector. He served as the CEO of insurance companies, Assurant Seguradora SA and Travel Ace Assistance in Brazil from 2000 to 2007 and 2013 to 2015, respectively. Furthermore, Mr. Gonçalves was a partner at Banco CR2 from 2007 to 2010 and commercial director at Banco Fator from 2010 to 2012, where he contributed to both institutions’ financial operations and strategic direction. Mr. Gonçalves received his bachelor’s degree in Business from Centro Universitário Bennett in Brazil. We believe Mr. Gonçalves is well qualifed to serve on our board due to his significant experience in the financial industry.
Upon the Closing, Mr. Sahade will serve as a director of Nuvini. Mr. Sahade brings private equity investment and operational experience due to his work in the renewable energy, technology and agribusiness sectors. Since 2005, Mr. Sahade has been serving as the CEO of PWR Capital, an investment and asset management firm based in São Paulo, Brazil. Mr. Sahade was a founder and investor at Dimension Energy, a U.S.-based renewable energy platform, from 2018 until its acquisition by Partners Group in 2021. Mr. Sahade led successful investment strategies at Enphase Energy (Nasdaq: ENPH) from 2018 to 2021, guiding the company towards profitability and growth. From 2011 to 2017, Mr. Sahade served as CEO and Chairman of Latin America Power (“LAP”), a leading renewable energy generation company operating in Chile and Peru. Prior to his tenure at LAP, Mr. Sahade served as partner and CEO of Energias Renováveis S.A. (“ERSA”) (currently CPFL Renováveis) from 2007 to 2011. During his tenure, ERSA became the largest renewable energy operator in Latin America. Mr. Sahade received his bachelor’s degree in civil engineering from Fundação Armando Álvares Penteado and an MBA from Ibmec São Paulo in Brazil. Since 2014, he has served as a director for Endeavor Chile, an organization supporting aspiring entrepreneurs in Chile. We believe Mr. Sahade is well qualified to serve on our board due to his significant investment and leadership experience.
Upon Closing, Mr. Millian will serve as Director of Nuvini. Mr. Millian is renowned for fostering lucrative consumer-centric enterprises that experience exponential growth, as he adeptly nurtured and expanded businesses across diverse nations. Mr. John’s profile shines with a potent blend of forward-thinking strategy, operational finesse, meticulous execution, and impressive outcome attainment. Mr. Millian has run Diageo’s successful LAC business for over thirteen years where it became the leading and fastest growing spirits company in LAC and the premier emerging market region. The business tripled over the last nine years and had a growth CAGR for both sales and profits of 14% through FY’13, growing to $2.2B in revenue and $735MM in profit.. Mr. John was a key architect in the Global emerging market strategy and discovered a new segment which increased investments to fund additional headcount, innovation, and acquisitions. Amidst pivotal ventures, Mr. Millian instilled a culture of ownership and bold risk-taking, cultivating employee growth and robust organizational structures. He innovated distribution, reshaping 13 in-market entities and 3,000 employees, while a consumer-focused manufacturing strategy yielded financial strength. Mr. Randy Millian was Chairman of the Board (two terms) of the Amcham São Paulo, the Baptist International Advisory Board, Latin American and Caribbean Advisory Board/Tuck School of Business Administration, and a board member of Apoyo Seguro – a startup selling insurance to the underserved Hispanic market. As well as the recipient of Executive of the Year (Corporate Social Responsibility) for his leadership in the Diageo Learning for Life program that has graduated over 80,000 underprivileged youth. Mr. Millian earned his BA in World Political Economy (Magna Cum Laude) from Colorado College and his MBA from the Tuck Business School. We believe that Mr. Millian’s extensive experience in strategy, acquisitions and growth mindset make him qualified to serve on our board.