Descomplica, a startup aiming to become the online classroom of Brazil, raised a $5 million Series B led by Social+Capital with participation of existing investors Valar Ventures, Valor Capital Group, 500 Startups and a group of angel investors.
The new round of investment will be used to fuel stage two in the development, focusing on technological improvements like personalized content, content recommendation, mobile apps and a mobile platform.
Descomplica has built a content catalog of over 10.000 videos. Over 200.000 students are using the startup’s SMS based learning services and Descomplica also sold hundreds of thousands of copies from its DVD collection of the video courses.
The Brazilian edtech market is one of the most interesting ones right now. Brazilian startups are clearly on par with their US based counterparts, offering services based on the latest technology.
But Brazilian edtech startups are also providing solutions for lower income learners like DVD sets and SMS based learning like in the case of Descomplica. This is something edtech startups in the US often neglect as they tend to create their products based on their experiences tech bubbles like San Francisco or New York which have nothing or little in common with “the world out there”.