Eduardo Saverin - Co-Founder of Facebook
Eduardo Saverin is a Brazilian entrepreneur and investor best known as a co-founder of Facebook. Saverin owns over 50 million shares in the social media platform and has a net worth of around US$11 billion.
His main area of focus is on backing ventures with a goal of forming part of the next wave of global technological innovation.
* Stats taken from Forbes.com
About Eduardo Saverin
Eduardo Saverin is a Brazilian entrepreneur and investor best known as a co-founder of Facebook. Saverin owns over 50 million shares in the social media platform and has a net worth of around US$11 billion. His main area of focus is on backing ventures with a goal of forming part of the next wave of global technological innovation. Saverin is also a well-known mentor in the technology sector and has worked closely with a range of companies of various sizes, and at different investments stages, that share a common interest in highly progressive innovation.
Born in São Paulo, Brazil, Eduardo Saverin later moved to Rio de Janeiro with his family, before immigrating to the United States and settling in Miami in 1993. In the United States he attended Harvard University and graduated magna cum laude with a bachelor’s degree in Economics. This was where he met fellow student Mark Zuckerberg, co-founder of Facebook, and where the decision to develop Facebook was first made. In later years Saverin met a Chinese Indonesian woman, Elaine Andriejanssen, who later became his wife when they were married in the French Riviera. In 2009 the couple moved to Singapore. Saverin has business interests throughout the United States and Asia.
Since 2011 Eduardo Saverin has made major personal investments into various technology companies. He was the lead investor in the series A funding round of the most prominent mobile shopping assistant in the United States, an application called ShopSavvy, in 2011. A total of US$7 million was raised during this funding round. In 2014 Saverin was the lead investor in the Singapore-based online supermarket RedMart. A total of US$5.4 million was raised during its venture round. Also in 2014, the investor led the series B funding initiatives of Silvercar, a high-end airport car rental service. Funding of $US14 million was achieved. The following year Saverin was again the lead investor in the seed round of a Singapore-based technology company. This time it was a map-based property search engine named 99.co and US$1.6 million was raised. In 2017 Saverin reaffirmed his interest in 99.co with yet another funding round in which US$7.9 million was raised. US$13 million was raised during series C funding, led by Saverin, for the India-based e-commerce company Hopscotch.
Recent significant investments Saverin took part in include:
- Tech in Asia, 2017 – US$6.6million
- iVideo Smart, 2017 – US$3.5 million
- Jumio, 2016 – US$3.7 million
- Xfers, 2016 – US$2.5 million
- Just, Inc., 2014 – US$90 million
Eduardo Saverin in the News
The Peak magazine published an article in July 2018 in which Eduardo Saverin was featured as one of the top 50 tycoons in Singapore, who have recently become 11% richer than before. Saverin’s neighbourhood and move to Singapore in 2009 was discussed in an article in Unreserved in July 2018. Forbes announced that Jumio, a company that Saverin invested in, but was bankrupted, would be rising from the ashes and taking on its competitors. It is rumoured that, with Saverin’s backing, Jumio may be going public in the near future.