Unicorn from Minas Gerais, Hotmart receives R$735 million in funding

The Series C funding round of the Brazilian startup, known for online courses, was led by the American fund TCV, investor of Netflix and Airbnb.

RIO DE JANEIRO, BRAZIL - Hotmart, a startup known for online courses, announced on Tuesday, March 30, that it has received a new capital injection of R$735 million (US$130 million) in its Series C funding round led by the American fund TCV, investor of companies like Netflix and Airbnb. The manager Alkeon Capital also participated in the transaction, which was completed in record time of two weeks.

Although it does not disclose valuation, Hotmart claims that it had already surpassed the US$1 billion mark in market value since March 2020, when it raised investment to be able to . . .

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