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Investor Presentaiton

Research Team LEAD RESEARCHERS Abigayle Davidson, ANDE Rebeca Rocha, ANDE SURVEY DESIGN AND DATA COLLECTION Natalia Valencia, LAVCA Eduardo Roman, LAVCA Acknowledgements We would like to thank the organizations that took the time to submit data. Without their participation, this report would not have been possible. We would also like to recognize the vital contribution of the research advisory committee, which gave invaluable feedback and suggestions at all stages of the project, made up of the following individuals: Beto Scretas, ICE-Instituto de Cidadania Empresarial Daniel Izzo, VOX Capital Fernando Campos de Oliveira, Fundação Grupo Boticário Fréderic de Mariz, UBS Humberto Matsuda, Performa Investimentos RESEARCH SUPPORT Rob Parkinson, ANDE Victoria Hume, ANDE José Ignácio Martins, Semente Negócios Alline Goulart, Semente Negócios Special thanks to Genevieve Edens, ANDE's former Director of Research & Impact, for your support in defining the scope of the regional study and designing the questionnaire and to Marquis Williams, formerly of the ANDE Brazil Chapter. 3
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