Softbank leads US$83 million investment in Brazil education startup Descomplica

Descomplica said it would use the funds to make acquisitions and develop new products, including 33 new courses by next year.

RIO DE JANEIRO, BRAZIL - A group of investors led by Softbank Group has invested R$450 (US$83 million) in Brazilian test-prep startup Descomplica, which has seen demand for its online learning services surge in the pandemic, the company said on Thursday, February 18th.

Descomplica said it would use the funds to make acquisitions and develop new products, including 33 new courses by next year.

“We want to create the biggest university in Brazil, quickly reaching 1 million students with a 100% digital model,” said Marco Fisbhen, Descomplica’s founder and chief executive.

Brazil’s biggest education group, Cogna . . .

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