Recent years have seen consistent expansion in the Brazilian economy, and with that growth has come a greater need for college degrees. Descomplica, a test-prep firm in Brazil, has secured $83 million from the Softbank group and other investors to assist satisfy this demand. The firm plans to accumulate and create 33 new programs and goods by the end of the following year.
Descomplica’s mission is to become Brazil’s premier digital university. As of the beginning of September, Cogna Educaço SA, the biggest educational institution in Brazil, had 820,000 college students registered in its Kroton larger training division, according to quarterly results. Descomplica provides assistance to students in their preparation for standardized examinations required for admission to institutions and government positions. With 5 million unique users per month, this firm also provides undergraduate education.
Notable investors such as Softbank, the Chan Zuckerberg Initiative, Invus Group, and U2’s The Edge have contributed to the company’s most recent funding round. Having secured this new funding, Descomplica is well-positioned to realize its vision of becoming Brazil’s premier online university.
Having secured this fresh finance, Descomplica is well-positioned to realize its vision of becoming Brazil’s premier online institution.
Company’s History
In 2011, Descomplica was established by three Brazilian businessmen: Rodrigo Mazza, Gustavo Gouveia, and FabioAngelo. The company’s origins may be traced back to its original use as a test preparation tool for students in Brazil taking the vestibular exam.
In 2013, Descomplica expanded its offerings to include undergraduate degree programs. The next year, the firm launched a smartphone app. Even when Grupo A, a training firm, bought Descomplica in 2015, the three original owners retained a minority stake in the company.
Descomplica was able to secure $50 million in funding from the Softbank Vision Fund and other investors in 2018. With these finances, the business was able to hire additional employees and open a new office in the United States.
In 2019, Descomplica revealed that it has secured an additional $83 million in funding from the Softbank group and other investors. The firm plans to accumulate and create 33 new programs and goods by the end of the following year.
Products and Services
The undergraduate and standardized testing prep courses provided by Descomplica are extensive. Products may be purchased at the company’s website or mobile app.
Descomplica provides classes to assist students get ready for the vestibular, the Brazilian equivalent of the SAT. The firm also provides programs to help college students get ready for the Brazilian government’s civil service test.
Not only does Descomplica provide test-prep services, but it also has undergraduate-level courses. The company’s courses may be taken online and include video lectures, sample tests, and suggestions for private instructors.
Five million people utilize Descomplica every month. They have customers in Brazil, the United States, and other nations.
Related FAQs
What is the Brazilian college entrance examination?
Getting into a university in Brazil requires students to take and pass a standardized test called the vestibular, often known as the Brazilian college entrance examination.
What is the civil service examination for the Brazilian government?
In order to enter some government posts in Brazil, applicants must first score well on the national civil service exam.
What is brazilbased descomplica 83m softbank?
Descomplica, a business in Brazil in the field of exam prep, has raised $83 million from the Softbank group and other investors. The firm plans to accumulate and create 33 new programs and goods by the end of the following year.
