Brazilbased Descomplica 83m Softbank
The Brazilian financial system has been steadily growing in recent years. This has led to a higher demand for coaching. Descomplica, a Brazilian startup that offers test preparation, has received $83 million from Softbank and completely different customers to meet this demand. The company intends to use the funds to acquire and develop new merchandise along with 33 applications over the next 12 months.
Descomplica’s mission is to produce the best online faculty in Brazil. Quarterly earnings showed that Cogna Educao SA, Brazil’s largest tutorial institution, had 820,000 students enrolled in its Kroton higher-coaching division. Descomplica assists these faculty college students with standardized assessments for entry into universities and authorities.
Descomplica also offers undergraduate courses and has over 5 million, monthly clients.
On the latest spherical, several prominent consumers invested in the company, including Softbank, Invus Group and Chan Zuckerberg Initiative, and U2 guitarist The Edge. Descomplica has the funding it needs to reach its goal of becoming Brazil’s primary online faculty.
Descomplica was founded in 2011 by three Brazilian entrepreneurs, Rodrigo Mazza, and Gustavo Gouveia. It was originally founded as a platform to test college students taking the Brazilian faculty entry examination.
Descomplica added undergraduate applications to its decision-making in 2013. In the following 12 months, Descomplica launched a mobile app. Descomplica was purchased by Grupo A in 2015. However, the three founders remained a minority shareholders throughout the company.
Descomplica received $50 million in 2018 from Softbank Imaginative & Prescient Fund and other consumers. The company used these funds to expand its operations and hire new workers. They also opened an office in the USA.
Descomplica announced it had raised $83 million more from Softbank and other customers in 2019. In the next 12 months, Descomplica plans to use the funds to acquire and develop new products and 33 new applications.
Merchandise and Corporations
Descomplica offers many test-prep options and undergraduate programs. You can find the company’s merchandise online and through its mobile app.
Descomplica’s test prep applications are designed to help faculty college students prepare for the Brazilian faculty entry examination. This exam is commonly referred to simply as the vestibular. Descomplica also offers applications to faculty college students taking the Brazilian civil service exam.
Descomplica also offers undergraduate applications in addition to its test-prep decision. Applications are available online and include video lectures, assessments, and tutoring.
Descomplica serves 5 million clients per month. Descomplica’s products may be available in Brazil, the USA, and other countries.
What is the Brazilian faculty entrance exam?
Brazilian faculty admission examination is commonly referred to by the vestibular. It is a standardized exam that all faculty college students should take to be eligible for admission to a Brazilian faculty.
What is the Brazilian civil service examination?
To be eligible for positive government jobs in Brazil, students at faculty colleges should take the civil service exam.
What is brazilbased descomplica 83m softbank?
Descomplica, a Brazilian startup in test-prep, has received $83 million from Softbank and completely different customers. The company intends to use the funds to acquire and develop new products and 33 new applications over the next 12 months.