Bar chart comparing total funding amount for LatAm's top EdTech startups, showing the majority are from Brazil | Sources: Crunchbase, Latinometrics
LatAm's Top-Funded EdTech Startups are in Brazil

There’s lots of noise about the EdTech space, for good reason. These startups are disrupting and democratizing education globally. They’re proliferating around the world and making education accessible, and Latin America is no exception. Seven of the ten education-related companies with the most funding in the region are in Brazil, according to data from Crunchbase.

Afya, a Brazilian medical education company that uses a tech-first approach to teaching medicine, tops the chart with $150M in funding after its IPO in 2019. Its roots trace back to 1999 when private university ITPAC Araguaína opened its doors. After a 20-year history of growth and acquisitions, the company became the first in its industry segment to go public on the Nasdaq.

The non-Brazilian companies on our chart, Crehana, Platzi, and UBITS are worth highlighting as they are still very much in the startup phase and growing fast.

Crehana is Peru’s most notable startup, with a funding round worth $70M, it raised the largest EdTech Series B round in Latin America last year. The company, founded by Diego Olcese and Rodolfo Dañino, offers 1K+ courses for both individuals and businesses. It experienced “triple-digit growth” at the height of the pandemic.

Platzi, founded by Fredy Vega and Christian Van Der Henst, offers courses and interactive lessons for anyone looking to increase their tech, marketing, programming, business, and design skills. On the other hand, founded by Julián Melo and Marta Forero, UBITS focuses on the B2B market and helps LatAm companies increase the skills of their employees.