The brazilbased descomplica 83m Brazilian startup Descomplica has raised $83 million from SoftBank, which plans to use the funds to build a leading online university in Brazil. The company aims to launch its Faculdade Descomplica by 2020. The funding will help Descomplica expand its educational offerings and build 33 new courses.
SoftBank led round
The SoftBank Group Corp. led a round of funding for Descomplica, a Brazilian EdTech startup that is breaking into the higher education market. The round is the largest investment ever made in a Latin American EdTech company. The company offers online undergraduate and postgraduate degree programs, and counts five million users each month.
The company raised 450 million reais (US$ 84 million) in a Series E round, co-led by SoftBank and Invus Opportunities. The round also included new backers such as the Chan Zuckerberg Initiative, spearheaded by Mark Zuckerberg and Priscilla Chan, and The Edge, a fund spearheaded by Endeavor Ireland’s Abilio Diniz.
Brazilbased Descomplica 83m
The investment will allow Descomplica to expand its offerings. The company originally focused on courses for civil service and exams, but it is now venturing into higher education. The new funds will be used for expansion into this arena, product development, and acquisitions. The company is led by Marco Fisbhen, a former teacher who founded the company in 2011.
Advent, a private equity firm with extensive experience in Latin America, also participated in the financing. The firm has invested US$7 billion in Latin American companies over the past 25 years. Its investments include Nubank, Thrasio, and EBANX, among others. SoftBank, which is known internationally for its global Vision Funds, has previously invested in several Latin American online platforms, including Petlove and Olist.
Descomplica’s goal is to create most prominent online university in Brazil
Descomplica is a Brazilian online university with the goal of making learning accessible and easy for Brazilian students. It offers online video content and SMS-based study tools to students in a variety of subjects. It has partnered with three of the four major mobile carriers in Brazil and has added 200K students to its mobile education services.
The company has a diverse portfolio, offering a diverse range of courses for online learning. Courses offered by the company include undergraduate and graduate level education. There is also a program for those seeking specialized training for specific jobs. Descomplica also offers online tutoring for students having difficulty completing certain courses. The company offers both a free model and a subscription model. The subscription model costs $5 per month and includes unlimited access to over 15,000 online videos and tutors.
Brazilbased Descomplica 83m
Currently, Brazil has the highest proportion of Catholic Christians in the world – 61 percent are Catholic. Its population is diverse, with indigenous peoples and descendants of African slaves and European settlers. There are over 150 languages spoken in the country. Most of them are Portuguese, but a few indigenous languages are spoken as well.
Descomplica, a Brazilian company, is investing US$10 million in developing and launching online higher education courses. Its courses are approved by the Ministry of Education of Brazil and are 100% online. Students will have access to all course materials and assignments at any time, and will be able to receive micro-certificates for successfully completing each module. According to Descomplica’s website, 30% of Brazilian students are already looking to complete their undergraduate degree online, and the number of online students is expected to grow to 50% by 2022.
Brazilbased Descomplica 83m
The company has raised US$7 million in Series C financing from Amadeus Capital Partners. It also raised funding from Valor Capital Group, EL Area, Social+Capital Partnership, and Peter Thiel’s Valar Ventures. The company plans to use the funds to expand across Brazil.
The Brazilian ed-tech scene is hot and full of startups. Descomplica, founded in 2011, started out as a test prep service but has since expanded to include all core education services in the country. The company recently raised the largest ed-tech financing round in the LatAm region, totaling 85MM USD. The company has received funding from some of the most prestigious investors in the region.
Company raises $83M
Softbank Group has led an investment round in Descomplica, a Brazilian company offering test prep for civil service and university entrance exams. The company, founded in 2011, claims to have 5 million monthly users and has been experiencing an uptick in demand due to the global pandemic. The company plans to use the funds to acquire additional businesses and develop new products. With the new funding, the company hopes to reach 1 million students by next year. As of the end of September, the company had 820,000 students enrolled in its Kroton higher education division.
Plans to launch Faculdade Descomplica in 2020
Brazilian higher education company Descomplica is expanding its online education business. It plans to invest R$55 million in Faculdade Descomplica, which it will launch in the second half of 2020. It will initially offer courses for 300 students, and then brazilbased descomplica 83m expand to accommodate more students. The company aims to create an edtech platform with an extensive library of academic materials.
The online university has received approval from the Brazilian Ministry of Education to offer courses online. Students will be able to view “bite-sized” lessons, each consisting of five minutes of video content. There brazilbased descomplica 83m will be a test at the end of each batch of five videos. Some of these tests will be online and some will be done in person.
Brazilbased Descomplica 83m
The online university will initially launch four degrees as part of the graduation requirements. They brazilbased descomplica 83m include a Bachelor of Accounting Sciences, a Bachelor of Administration, a Degree in Pedagogy, and a Technologist in Human Resources (HR). Once the university is up and running, it plans to hire more faculty and expand its curriculum. By 2021, Descomplica expects to offer 20 new courses. The university plans to invest R$55 million in infrastructure and new professors. The funds will also be used to expand its online platform, make acquisitions, and expand its curriculum.
In the Brazilian education system, five million schoolchildren take the ENEM (College Entrance Examination) to enter public universities. However, there are only 200k seats at the top public institutions. Therefore, Descomplica aims to increase the number of seats and help the under-prepared citizens of Brazil advance through higher education.
The Descomplica company has a clear idea of what it aims to achieve. Its brazilbased descomplica 83mexecutives have a deep understanding of the purpose of the institution and its students. This brazilbased descomplica 83m translates into a shared meaning throughout the company’s recruiting and hiring processes. The Descomplica team believes that it is aiming to transform people’s lives and to correct the distortion in the Brazilian educational system.
