The ed-tech space is heating up all around the world, and this is also true in Latin America, where online startups have the much-needed potential to disrupt education and democratize it. This isn’t only about replicating successful US business models, as many of these would be useless in the region, Educabilia‘s CEO Daniel Abadi explains:
There are many education-related problems we don’t have in Latin America, such as higher-education costs and student loans (free public universities are widespread throughout most of Latin America), or book rental needs (we use lots of photocopies instead), so there’s less need for startups like Chegg.
Conversely, several Latin American startups have developed platforms that are tailored for the region’s needs, for instance by focusing on adult learning and including SMS content.
Veduca is a learning platform that provides Brazilian users with 5,000 online classes that it licensed from some of the world’s top universities, such as MIT, Harvard, Yale & Princeton, and translated into Brazilian Portuguese when necessary. The startup is about to launch a new version of its site, which is already available here for beta testers.
In December 2012, it raised a $740k round led by Mountain do Brasil and backed by 500 Startups. At the time, it had already attracted 1 million unique visitors over the last 7 months, and had plans to reach this number every month by the end of 2013. As we learned this week, Veduca now has a new backer to achieve this goal: VC fund Macmillan Digital Education, which also invested in Easyaula.
See the complete list here.