From the time Elevar invested in 2017, Nuvemshop has grown from serving and enabling 8,000 MSMEs to 70,000 in 2020. This positions Nuvemshop as one of the largest and most attractive platforms in terms of the number of enterprises served. Their growth accelerated in 2020 as Covid pushed businesses to come online, and their GMV (Gross Merchandise Value) grew 194% YoY. For MSMEs, the average revenue increase within a year of joining Nuvemshop is 300%. In addition, in the last few months, Nuvemshop has added hundreds of service providers onto their platform. Today, Nuvemshop is outperforming the market and competition in terms of growth rate, especially in core geographies like Brazil.