Created by Prisma Capital and its founding team in 2019, Avita emerged to streamline the guarantee issuance chain for companies and has become a benchmark in surety bonds in the Brazilian market. The company offers a platform that allows for the contracting, renewal, updating and management of insurance policies, as well as access control and integrations with legal and financial departments.

In 2020, we began our engagement with the insurtech, in an open track project in which we participated from the alignment of objectives and expectations of stakeholders, to the preparation of extensive and detailed analyses of financial and operational data, such as cohort, trend, recurrence and conversion funnel analyses.

The process of preparing for the transaction involved formulating an equity story that best represented the company's strong technological appeal and the design of its strategy for acquiring, retaining and expanding customers. The consistency of this preparation process was crucial to attracting investors, including Itaú Unibanco.

The potential synergy created by the combination of these two players was essential for the agility and efficiency of the negotiation process, making it the ideal partner to drive the growth and development of Avita's business, resulting in the full acquisition of the startup by the largest Brazilian bank, with 80% in 2024. To this end, we led the analysis, due diligence and negotiation process between the companies.

With Itaú, Avita is expected to grow exponentially, as the bank will start offering the platform to its corporate client base – the expectation is to grow 10x by 2030, taking advantage of the synergies with the bank.

With Avita's innovative technology, the bank will distribute insurance in the form of guarantees and financial lines to Itaú BBA clients and, in the future, also to Itaú Empresas clients.