Foley Represents Upload Ventures in Latest Financing Round for Brazilian Startup IORQ

Foley & Lardner LLP represented Upload Ventures as an investor in the R$35 million (approximately $7 million) financing for IORQ, a smart credit platform designed to decentralize access to capital in Brazil. Additional investors in the round included Monashees, ONEVC, and Norte.

IORQ’s mission is to improve credit efficiency across Brazil. The platform combines a strong credit operation with a proven track record of performance, a commitment to governance, and rigorous risk management. Over the years, the team has originated more than R$15 billion in corporate credit, consistently delivering solid returns and earning recognition in the market.

Upload Ventures is an early-stage and growth-stage technology-focused venture capital firm based in Sao Paulo and investing in Latin America.

The Foley team was led by partner André Thiollier and included associates Trevor Mullin and Rachel Horewitz.