In recent years, the Brazilian economy has been growing steadily, and along with this growth has come an increased demand for higher education. Descomplica, a Brazilian test-prep startup, has received $83 million in funding from the Softbank group and other investors to help meet this demand. The company plans to use the funds to acquire and develop new products, including 33 new courses, by next year.
Descomplica’s goal is to create the most prominent online university in Brazil. Quarterly earnings reported that, as of the end of September, Cogna Educação SA, Brazil’s largest educational institution, had 820,000 students enrolled in its Kroton higher education division. Descomplica aids these students in preparing for standardized tests to enter universities and government service. The company also provides undergraduate coursework and has 5 million monthly users.
A number of notable investors, including Softbank, the Chan Zuckerberg Initiative, Invus Group, and U2 guitarist The Edge, put money into the company in this latest round. With this new funding, Descomplica is well positioned to achieve its goal of becoming the leading online university in Brazil.
History
Descomplica was founded in 2011 by three Brazilian entrepreneurs: Rodrigo Mazza, Gustavo Gouveia, and FabioAngelo. The company began as a test-prep platform for students taking the Brazilian university entrance exam, known as the vestibular.
In 2013, Descomplica expanded its offerings to include undergraduate courses. The following year, the company launched a mobile app. In 2015, Descomplica was acquired by the education company Grupo A, but the three founders retained a minority stake in the business.
In 2018, Descomplica raised $50 million from the Softbank Vision Fund and other investors. The company used these funds to expand its operations, including hiring new employees and opening an office in the United States.
In 2019, Descomplica announced that it had raised an additional $83 million from the Softbank group and other investors. The company plans to use the funds to acquire and develop new products, including 33 new courses, by next year.
Products and Services
Descomplica offers a variety of test-prep and undergraduate courses. The company’s products are available online and through its mobile app.
Descomplica’s test-prep courses help students prepare for the Brazilian university entrance exam, known as the vestibular. The company also offers courses for students taking the Brazilian government’s civil service exam.
In addition to its test-prep offerings, Descomplica provides undergraduate courses. The company’s courses are delivered online and include video lectures, practice tests, and feedback from tutors.
Descomplica has 5 million monthly users. The company‘s products are available in Brazil, the United States, and other countries.
Related FAQs
What is the Brazilian university entrance exam?
The Brazilian university entrance exam, known as the vestibular, is a standardized test that students must take to gain admission to a Brazilian university.
What is the Brazilian government’s civil service exam?
The civil service exam is a standardized test that students must take to gain admission to certain government jobs in Brazil.
What is brazilbased descomplica 83m softbank
Descomplica is a Brazilian test-prep startup that has received $83 million in funding from the Softbank group and other investors. The company plans to use the funds to acquire and develop new products, including 33 new courses, by next year.
