Davis Polk Guides Brazilian Fintech Nubank In $750M Funding

Law360 (June 8, 2021, 4:49 PM EDT) -- Brazilian digital bank Nubank said Tuesday it brought in a whopping $750 million in an extension to its Series G funding round guided by Davis Polk, which the bank said made it one of Latin America's most valuable financial institutions.

São Paulo-based Nubank said Berkshire Hathaway contributed $500 million in one extension of the Series G round, while a group of investors that included Brazilian backers contributed $250 million in another extension. The injections bring the total raised in the Series G to $1.15 billion, which Nubank touted as the "the biggest round of a private technology company ever held in...

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