Business

BYJU's rival, Peruvian Crack the Code raises Kaszek-led Seed round

Crack the Code provides computer science training for Spanish-speaking children 5 to 18

Photo: Screeshot/Crack the Code website
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  • The startup says that more than 5,000 kids and teenagers, in 22 countries, are already  subscribed to the platform;
  • For Crack the Code, coding is a much needed solution to an overarching human capital issue that LatAm faces.

BYJU‘s rival, Peru-based Crack the Code, an education coding platform startup in Latin America, announced it has raised its first fundraising, a $2.7 million Seed round led by Kaszek.

Crack the Code provides computer science training for Spanish-speaking children 5 to 18. The startup also offers monthly, bi-monthly or yearly learning curriculums.

It says that more than 5,000 kids and teenagers, in 22 countries, are already  subscribed to the platform, and this investment will help the company expand its footprint in the region to reach even more families, add more subscribers, and build new partnerships to expand access to the platform. 

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“As a Peruvian company, we see first hand the gap that exists between the millions of kids in public and private school and  access to computer science and coding, essential skills that open  opportunities for higher education and future job placement,” said Maria del Mar Velez, founder and CEO of Crack the Code. Maria is Nubank‘s CEO David Velez’s sister.

“This first investment from Kaszek and our strategic partners, leaders in  the region when it comes to promoting access to technology and education, will help us scale our business to reach more children, continue to expand our platform, and forge new local and regional partnerships,” she said. 

For Crack the Code, coding is a much needed solution to an overarching human capital issue that Latin America faces.

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“We are totally convinced that the combination of powerful technology aligned with great entrepreneurs will help bridge the gap that Latin America faces when serving its population,” said Hernan Kazah, partner at Kaszek. “The digitalization of education  is one of the key areas where we see a terrific opportunity and Crack The Code is offering a high-quality solution to start  addressing this need throughout the region.” 

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