In March, we discussed Floqq’s Latin American expansion into Argentina, Chile, Colombia, Mexico and Peru, markets selected due to their fast internet penetration.
Floqq was founded in April 2012 and will now join the 500 Startups family, which already includes over 400 other companies. It will be the ninth startup from a Spanish-speaking country to participate in the 500 Startups program, joining Chile’s Welcu and Argentina’s Wideo, among others.
As part of the 500 Startups portfolio, Floqq will have access to various benefits. The startup will receive a Series A investment of around US$50,000, with the possibility of receiving Series B funding of up to US$250,000. It will also have access to an extensive network of mentors, such as investors from Facebook, Twitter, BBVA Ventures and Udemy – Floqq’s U.S. counterpart.
Floqq’s arrival in Silicon Valley will mark the opening of its third location within less than a year. It has already set up offices in Madrid and Santiago, the latter due to its participation in Start-Up Chile. Carlos González de Villaumbrosia, one of the founders of Floqq, discussed the company’s expansion:
The skills in demand by the labor market are constantly changing – the rhythm is so fast that traditional information is incapable of keeping up. Floqq’s international expansion into the United States Hispanic market allows us to continue to help thousands of people with neither the time nor the inclination to invest large amounts of money in a fast and practical way to acquire whatever skills they need.
Floqq currently boasts roughly 12,000 users, who have completed over 15,000 of coursework to date. With this 500 Startups investment, Floqq is positioned as the world’s leading platform for online video courses in Spanish, present in Latin America, Spain and the United States.
Featured image, original source.
This text has been adapted and translated into English by Emily Stewart from its original Spanish publication.