Provi
Founded Year
2018Stage
Acquired | AcquiredTotal Raised
$310KAbout Provi
Provi is a fintech platform that provides educational funding to help people transform their careers. The company provides a platform that integrates schools that allows them to get the approval for financing. It was founded in 2018 and is based in Sao Paulo, Brazil. In August 2023, Provi was acquired by Principia. The terms of the transaction were not disclosed.
Loading...
Loading...
Expert Collections containing Provi
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Provi is included in 1 Expert Collection, including Fintech.
Fintech
13,396 items
Excludes US-based companies
Latest Provi News
Jan 30, 2024
To embed, copy and paste the code into your website or blog: <iframe frameborder="1" height="620" scrolling="auto" src="//www.jdsupra.com/post/contentViewerEmbed.aspx?fid=ceabefc9-c469-4a47-8cf7-4a0586f667fd" style="border: 2px solid #ccc; overflow-x:hidden !important; overflow:hidden;" width="100%"></iframe> Delaware’s Supreme Court unanimously rejected challenges by stockholders of two corporations who argued the respective companies invalidly adopted exculpatory charter provisions without giving each class of stock a separate vote. Section 242(b)(2) of the Delaware General Corporation Law requires a class vote on provisions that would “alter or change the powers, preferences, or special rights of the shares of such class so as to affect them adversely.” The Court held the provision was inapplicable: “[T]he ability to sue directors or officers for duty of care violations is an attribute of the Companies’ stock, but not a power, preference, or special right of the Class A common stock under [DGCL] Section 242(b)(2)." DCGL § 102(b)(7) authorizes Delaware corporations to adopt charter provisions that relieve directors and officers of liability for breaches of the duty of care. Originally applicable only to directors, the statute was amended in 2022 to extend that protection to officers. After the statutory amendment, Fox Corporation (Fox) and Snap, Inc. (Snap), amended their charters to include the broader immunity. Both Fox and Snap have capital structures with multiple stock classes. Each company was sued in the Court of Chancery by stockholders claiming that approval by a majority of all voting shares was insufficient, i.e., the change required approval from each class of stock, voting separately. According to plaintiffs, the ability to sue officers and directors was a “power” that could not be abridged without a class vote. Upholding the Chancery Court’s entry of summary judgment dismissing the complaints, the Supreme Court explained the word “powers” in Section 242(b)(2) refers to class-based powers or rights explicitly stated in the charter or incorporated through the DGCL’s default provisions, but “not to general powers incidental to stock ownership.” In doing so, the Court upheld the Court of Chancery’s conclusion that a class vote is required “only when the charter amendment adversely affected a peculiar attribute of the class of stock rather than rights incidental to ownership.” (emphasis added). Practice Tips The Court’s holding must be considered with care. Possibly signaling that the underlying principles would be reconsidered in a proper case, the Supreme Court noted the Chancery Court “had some reservations about this interpretation, [but] ultimately held that two [prior] decisions controlled the outcome.” The Court further noted plaintiffs had “not asked us to overrule” that “long-standing precedent.”
Provi Frequently Asked Questions (FAQ)
When was Provi founded?
Provi was founded in 2018.
Where is Provi's headquarters?
Provi's headquarters is located at Av. Dr. Cardoso de Melo, 1340 cj, Sao Paulo.
What is Provi's latest funding round?
Provi's latest funding round is Acquired.
How much did Provi raise?
Provi raised a total of $310K.
Who are the investors of Provi?
Investors of Provi include Principia, C6 Bank, Positive Ventures, Global Founders Capital, Vitra Capital and 3 more.
Loading...
Loading...