Allpark Empreendimentos, Participações e Serviços S.A. announced that it will receive BRL 400 million in its third institutional round of funding from new investor Equity International on August 7, 2016. The investor may invest additional BRL 100 million depending upon operating targets. As part of the round, Brian Finerty of Equity International will join the company’s board of directors and investor will acquire undisclosed stake in the company. The transaction is expected to close by the fourth quarter of 2016. The company reported revenue of BRL 813.9 million and operating loss of BRL 15.3 million for the year ended December 31, 2015.