It’s been yet another busy week for investments in Brazil. Here’s what’s been going on, in case you missed it:
Veduca Picks Up Another Round
Educational technology startup Veduca has announced a R$1.1 million investment round (around US$507,000) from Bolt Ventures, Macmillan Digital Education and 500 Startups.
This isn’t Veduca’s first time at the funding rodeo. Last year, it landed a US$750,000 investment from 500 Startups and Mountain do Brasil (note that the latter is now Bolt Ventures). The company also received backing from Macmillan Digital Education back in February.
The Veduca platform aggregates and curates educational content from the world’s top universities, including Harvard, Stanford, Yale, MIT and Berkeley. Earlier this month, the startup announced plans to launch an open online MBA program in engineering and innovation.
Confrapar Injects R$3 Million into Izzui for 30%
With a R$3 million (US$1.4 million) investment, Confrapar has acquired 30% of Facebook e-learning app Izzui – another bet on edtech in Brazil this week.
Izzui is a platform for individuals and brands to build, publish, share and sell their own courses on Facebook. It is actually a spin-off of corporate education platform Affero Lab, which works with clients like Vivo, Petrobras, Vale and Unilever. Izzui currently has over 200 different courses available and around 200,000 users.
The investment will be used for marketing, product development and new hires.
R$3 Million Go To Environmentally-Friendly EcoSynth
EcoSynth, an environmental biotechnology company, has received a R$3 million ($1.4 million) cash injection from FIP Inseed Fima – Fundo de Inovação em Meio Ambiente, a R$165 million fund dedicated to environmental innovation. The entity chose EcoSynth out of 250 funding proposals.
The investment will be used to build out EcoSynth’s team, reinforce marketing efforts and construct a new industrial plant to increase the company’s productive capacity. EcoSynth manufactures and supplies products and services for water purification, sewage, oil removal and effluent filtration plants. Its clients include Ambev, L’Oreal and Tecnicor, among others.