EVEO Raises US$18.5M From XP Asset to Expand Cloud Infrastructure

Eveo has announced a new phase of growth following a US$ 18.5 million investment from FIP XP Infra V, a fund managed by XP Asset. The transaction strengthens the company’s long-term strategy to expand infrastructure, geographic presence, and cloud-focused solutions, positioning Eveo for sustained growth in Brazil’s private cloud market.

Strategic investment to support long-term growth

The agreement marks a new stage in Eveo’s development, with a clear focus on scaling infrastructure, increasing technical capacity, and expanding its portfolio of cloud solutions. The company has set a target of reaching US$ 100 million (R$500 million) in revenue by 2030, supported by investments in equipment, data center capabilities, networks, and virtualization technologies.

This new cycle enables Eveo to reinforce its operational base without altering its long-term strategic guidelines, while preparing the company for higher demand and broader market coverage.

Partner selection and transaction structure

The process to select a financial partner began at the end of 2024 and involved an extensive evaluation of nearly thirty investment funds. From this group, Eveo shortlisted five final proposals before selecting XP Asset as the partner most aligned with its operational model and growth strategy.

The decision considered factors such as the structure of the operation, the fund’s track record in infrastructure investments, and strategic compatibility with Eveo’s business plan. The transaction was finalized after a three-month due diligence process covering accounting, tax, legal, and strategic aspects.

Essential Partners acted as exclusive financial advisor to Eveo, while the legal advisory was led by Machado Meyer.

Focus on infrastructure and operational continuity

According to Sergio Alarcon, CFO of Eveo, the structure of the deal played a decisive role in the selection of XP Asset as a partner.

“We were looking for a partner capable of understanding the logic of our business and supporting a sustainable expansion with the right capital structure,” Alarcon said.

He highlighted that the transaction allows the company to continue investing in data centers, networks, and virtualization while preserving its long-term vision. For the CFO, the move reinforces a model based on stable cash generation and growth driven by delivery capacity.

Responding to rising demand for private cloud services

The investment is expected to accelerate developments in areas considered critical for the cloud infrastructure sector. Eveo plans to expand installed capacity, enter emerging technological fronts, and strengthen internal processes as demand for private cloud services in Brazil continues to mature.

Organizations of different sizes are increasingly migrating essential system layers to providers that offer local infrastructure, predictable controls, and a strong focus on operational continuity, trends that directly support Eveo’s expansion strategy.

Strengthening a mission-critical cloud ecosystem

Vicente Neto, co-founder and co-CEO of Eveo, stated that:

The entry of XP Asset reinforces the company’s long-term vision and contributes to building a cloud ecosystem focused on mission-critical applications in Brazil.

He described the transaction as "a turning point for the market, noting that the sector is still advancing in the consolidation of infrastructure aligned with global standards".

Accelerating execution and geographic expansion

Lucas Vanzin, also co-founder and co-CEO, emphasized that Eveo is currently consolidating technical knowledge and internal practices. According to him, the investment increases execution speed, accelerates expansion, and supports growth in regions not yet served by the company.

Vanzin noted that "the capital injection enables Eveo to expand its portfolio while reinforcing the operational discipline that has guided the company since its foundation".

He also highlighted the importance of maintaining close relationships with clients and preserving high technical quality, which he considers fundamental to the company’s reputation in the sector.

Positioning for the next phase of competition

With this new investment cycle, Eveo aims to position itself as a reference provider of infrastructure solutions for the corporate market. The capital creates conditions to accelerate investments in equipment, expand distributed capacity, and strengthen national and international presence.

As the private cloud sector enters a new phase of strategic competition driven by demands for predictability and local operations, Eveo plans to align its growth trajectory with these market dynamics through the end of the decade.

The transaction represents a significant move in the enterprise technology landscape and signals new development stages for providers competing in critical infrastructure services. Eveo believes that the combination of capital, scalability, and technical focus will be key to achieving its 2030 goals.