EVEO, a leading Brazilian private cloud and dedicated server provider, has announced a significant capital injection of approximately $18.3 million from the XP Infra V FIP, a fund managed by XP Asset. This strategic investment is designed to fuel a new phase of expansion, focusing on enhancing infrastructure, broadening its geographic footprint, and developing advanced cloud computing solutions. The company has set an ambitious goal to achieve $90 million in revenue by 2030 on its path toward a BRL 500 million target when converted.
A Meticulous Selection Process
The partnership is the culmination of a rigorous selection process initiated in late 2024, during which EVEO meticulously evaluated nearly thirty potential investment funds. After a thorough analysis, the company shortlisted five proposals, ultimately selecting XP Asset for its deep understanding of the infrastructure sector and a proposed deal structure that aligned perfectly with EVEO’s operational model. The transaction was formalized following a comprehensive three-month due diligence process involving legal, financial, and strategic assessments.
Strategic Capital for Sustained Growth
Sergio Alarcon, CFO of EVEO, emphasized that the choice of partner was heavily influenced by the need for a capital structure that supports sustained growth without compromising long-term strategy. The agreement with XP Asset provides the company with a more robust financial foundation, allowing it to continue investing in its core infrastructure assets. This approach ensures that EVEO can scale its operations and increase profitability while preserving its proven model of resilient and predictable cash generation.
Expanding Infrastructure and Service Offerings
The $18.3 million infusion will be primarily directed toward tangible assets and operational enhancements, including the acquisition of state-of-the-art equipment. These funds will significantly boost the installed capacity across EVEO’s network of data centers, improve virtualization platforms, and strengthen overall service delivery capabilities. The investment also creates opportunities for the company to explore emerging technologies and develop new service offerings to meet evolving client needs.
Capitalizing on a Maturing Cloud Market
This strategic move is timed to coincide with the growing maturity of the Brazilian private cloud market. An increasing number of enterprises are migrating their mission-critical applications to local providers to gain greater control, predictable spending, and enhanced operational continuity. EVEO’s expansion directly addresses this demand, positioning the company to capture a larger share of a market that values reliability and localized infrastructure.
A Unified Executive Vision for the Future
The company’s leadership views this investment as a pivotal moment. Co-founder and co-CEO Vicente Neto highlighted the deal as a turning point for the industry, accelerating the development of a national mission-critical cloud ecosystem with global standards. Fellow co-founder and co-CEO Lucas Vanzin added that the capital will amplify the company’s pace of execution, enabling faster expansion into new regions while reinforcing its core values of operational discipline and customer proximity.
With this substantial investment from XP Asset, EVEO is poised to solidify its leadership position within Brazil’s competitive corporate technology landscape. The infusion of capital provides the necessary fuel to accelerate its strategic roadmap, scale its high-performance infrastructure, and innovate its portfolio of cloud solutions. This partnership marks a critical milestone in EVEO’s journey toward its $90 million revenue goal for 2030 and reinforces its commitment to shaping the future of private cloud services.