# BudaCorp
BudaCorp is a [Cayman Islands](https://www.edgepedia.org/cayman-islands) exempted company, classified in its US securities filings only as "Other Technology," that raised $154,321,022 across four exempt offerings filed with the SEC between November 2019 and June 2024 while its filings disclose no product, customer, or business description.[1](https://www.sec.gov/Archives/edgar/data/1793780/000179378024000001/0001793780-24-000001.txt) • [2](https://www.formds.com/issuers/budacorp) Its filings identify a [Grand Cayman](https://www.edgepedia.org/grand-cayman) registered address with a Brazil country-code telephone number and a board of nine directors and executive officers, including Adhemar Milani Neto, but no source names a founder or describes what the company does.[1](https://www.sec.gov/Archives/edgar/data/1793780/000179378024000001/0001793780-24-000001.txt)
## Key facts
| Fact | Detail |
|---|---|
| Legal identity | BudaCorp, Cayman Islands Exempted Company, CIK 0001793780, EIN 981435410[1](https://www.sec.gov/Archives/edgar/data/1793780/000179378024000001/0001793780-24-000001.txt) |
| Industry classification | "Other Technology"; revenue reported as "Decline to Disclose"[1](https://www.sec.gov/Archives/edgar/data/1793780/000179378024000001/0001793780-24-000001.txt) |
| Total raised | $154,321,022 across four Form D offerings, 2019–2024[2](https://www.formds.com/issuers/budacorp) |
| Offering mix | Equity-only in 2019 and 2021; debt-only in 2023 and 2024, all under Rule 506(b)[2](https://www.formds.com/issuers/budacorp) |
| Address | c/o BudaCorp, P.O. Box 10008, Willow House, Cricket Square, Grand Cayman KY1-1001; phone 55-11-98890-9798[1](https://www.sec.gov/Archives/edgar/data/1793780/000179378024000001/0001793780-24-000001.txt) |
| Signatory | Adhemar Milani Neto, executive officer and director, signed the 2024 filing[1](https://www.sec.gov/Archives/edgar/data/1793780/000179378024000001/0001793780-24-000001.txt) |
## What BudaCorp is, and what is not known
The verified record consists almost entirely of SEC Form D notices, the short filings companies make when selling securities under exemptions from registration. BudaCorp's filings state a legal form (Cayman Islands Exempted Company), an employer identification number (981435410), an industry code (Other Technology), and a revenue response of "Decline to Disclose."[1](https://www.sec.gov/Archives/edgar/data/1793780/000179378024000001/0001793780-24-000001.txt) No filing, press report, or other retrieved source describes a product, service, website, customer, or partner. The filings never use the word founder.[1](https://www.sec.gov/Archives/edgar/data/1793780/000179378024000001/0001793780-24-000001.txt)
## Funding history, by the numbers
BudaCorp filed four Form D notices, each under the Rule 506(b) exemption:[2](https://www.formds.com/issuers/budacorp)
- **$31,000,000, equity only**, filed 2019-11-13.
- **$83,299,847, equity only**, filed 2021-08-12. This is the largest round and roughly 54% of the company's total disclosed capital raised.
- **$31,975,000, debt only**, filed 2023-07-28 under SEC File Number 021-488197.[3](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=021-488197)
- **$8,046,175, debt only**, filed 2024-06-11 under File Number 021-515640, with a first sale date of 2024-05-10; the filing reports 32 investors in one field and zero in another, an internal inconsistency in the filing data.[1](https://www.sec.gov/Archives/edgar/data/1793780/000179378024000001/0001793780-24-000001.txt)
The four amounts sum to $154,321,022.[2](https://www.formds.com/issuers/budacorp) Three distinct SEC file numbers appear across the history (021-409775, 021-488197, 021-515640), consistent with separate offerings rather than amendments to one raise.[1](https://www.sec.gov/Archives/edgar/data/1793780/000179378024000001/0001793780-24-000001.txt) The filings do not name the investors in each round.[1](https://www.sec.gov/Archives/edgar/data/1793780/000179378024000001/0001793780-24-000001.txt)
The direction of travel is visible in the offering types. A company raising equity in 2019 and 2021 and then only debt in 2023 and 2024, with the rounds declining after 2021 ($83.3M, $32.0M, $8.0M) following a 2021 round larger than the 2019 one, presents a pattern for which the filings themselves give no reason, and no source reports one.[2](https://www.formds.com/issuers/budacorp)
## The offshore structure and the Brazil connection
BudaCorp is a Cayman exempted company that files Form Ds with the SEC while domiciled offshore. Its filing gives no explanation for the structure. What the record does show is a Brazil link: the contact telephone number on the Grand Cayman filing, 55-11-98890-9798, carries Brazil's 55 country code.[1](https://www.sec.gov/Archives/edgar/data/1793780/000179378024000001/0001793780-24-000001.txt) Whether that reflects Brazilian operations, Brazilian principals, or only a contact point is not established by any source; a connection to any specific Brazilian business has not been documented.
## People named in the filings
Across the filings, nine people appear as directors or executive officers: Adhemar Milani Neto (executive officer and director, and the signatory of the 2024 filing), [Carlo Dapuzzo](https://www.edgepedia.org/carlo-dapuzzo), Isabella Coutinho, Paulo Passoni (listed with a New York address on East 53rd Street), Justin Mateen, Francco Marchetti, Joao Costa, Fabricio Pettena, and Scott Sobel.[1](https://www.sec.gov/Archives/edgar/data/1793780/000179378024000001/0001793780-24-000001.txt) • [2](https://www.formds.com/issuers/budacorp)
## References
1. [SEC Form D, BudaCorp, Accession 0001793780-24-000001 (filed 2024-06-11)](https://www.sec.gov/Archives/edgar/data/1793780/000179378024000001/0001793780-24-000001.txt)
2. [BudaCorp, Form D filing list (aggregator)](https://www.formds.com/issuers/budacorp)
3. [SEC EDGAR filing list for BudaCorp, File Number 021-488197](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=021-488197)
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*Topic: Encyclopedia › Society and history › Economics and business › Business and work › Business and work overview › Companies and corporations › Venture-backed startups and growth companies › Software, internet, and enterprise-technology startups*
*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license