Brazilbased Descomplica 83m Softbank: The Softbank Share Price
The Brazilian economy has recently been expanding steadily, and with this growth has come an increased need for higher education. To help meet this demand, the Brazilian test-prep startup Descomplica has raised $83 million in funding from the Softbank group and other investors. By the end of the following year, the company intends to amass and develop 33 new programmes in addition to new products.
The goal of Descomplica is to establish the best online university in Brazil. According to quarterly earnings, Cogna Educaço SA, the largest academic institution in Brazil, had 820,000 college students enrolled in its Kroton greater training division as of the beginning of September. Descomplica helps these students get ready for their standardised tests so they can get into universities and government jobs. The company has 5 million monthly customers and also offers undergraduate coursework.
In this most recent round, the company received investments from a number of illustrious investors, including Softbank, the Chan Zuckerberg Initiative, Invus Group, and U2 guitarist The Edge. Descomplica is in a good position to achieve its goal of becoming the top online university in Brazil with the help of this new funding.
Past History
Three businessmen from Brazil, Rodrigo Mazza, Gustavo Gouveia, and FabioAngelo, founded Descomplica in 2011. The company began as a test-prep resource for college students taking the vestibular, or vestibular exam, a popular college entrance exam in Brazil.
Descomplica added undergraduate programmes to its selection in 2013. In the following year, the company released a mobile app. The training company Grupo A purchased Descomplica in 2015, but the three founders still owned a small portion of the business.
Descomplica raised $50 million in 2018 from the Softbank Vision Fund and other investors. The company used these funds to expand its operations, including hiring new staff and setting up shop in the USA.
Descomplica announced in 2019 that it had raised an additional $83 million from the Softbank group and other investors. By the end of the following year, the company intends to amass and develop 33 new programmes in addition to new products.
Merchandise and Businesses
Descomplica offers a variety of undergraduate and test-prep programmes. The company’s products are available online and through its mobile app.
The test preparation courses offered by Descomplica help students get ready for the vestibular, also known as the Brazilian college entrance exam. Additionally, the company offers programmes for college students preparing for the civil service exam administered by the Brazilian government.
Descomplica offers undergraduate programmes in addition to its test-prep options. Programs offered by the company are delivered online and include video lectures, practise exams, and tutor recommendations.
There are 5 million monthly users of Descomplica. Brazil, the USA, and other countries all sell the company’s products.
FAQs
What is the Brazilian college entrance examination?
Students must pass a standardised test called the vestibular, also known as the Brazilian college entrance examination, in order to gain admission to a Brazilian university.
What is the civil service examination for the Brazilian government?
Students must pass the civil service exam, a standardised test, in order to be admitted to specific government jobs in Brazil.
What is brazilbased descomplica 83m softbank?
Brazilian test preparation startup Descomplica has received $83 million in funding from the Softbank group and other investors. By the end of the following year, the company intends to amass and develop 33 new programmes in addition to new products.
