- In July, the edtech closed an investment round with Y Combinator;
- Políglota plans to debut in Brazil in 2022.
Language learning startups are scaling in Latin America. As Slang recently announced a fundraising of $14 million, the Chilean startup Políglota said its spreading its wings across Mexico. Furthermore, the company has been awarded as the best Latin American startup in education by the Global EdTech Startups Awards Latam 2021, presented during the International Congress of Educational Innovation in Monterrey, Mexico.
Founded in 2016 by Carlos Aravena, José Manuel Sánchez and Nicolás Fuenzalida, Políglota launched its online model just over a year ago, in 2020, adapting to the reality imposed by COVID-19. Políglota teaches English, French, German, Portuguese and Italian for Spanish speakers. The company has built a social learning community with monthly growth of around 43% in 2021.
“At Políglota we have a global dream: to connect people through languages. And always with a strong focus on Latam, where only a small percentage of the population speaks a second language. We are proud to know that the impact we are making on the continent continues to grow, and that the work of our incredible team and our community of hundreds of coaches is increasingly recognised,” said José Manuel Sánchez, co-founder and CPO, in a press statement.
He added that “the world has rapidly globalized through remote work, and a person in Mexico, Chile or Colombia has many more possibilities to work in an international company, which has turned English into the main tool to improve professional opportunities.”
READ ALSO: Prosus leads $60 Million round for Mexican edtech Platzi
In July, the startup closed an investment round with Y Combinator together with different American and Mexican funds of $2.5 million.
Looking ahead to 2022, Sanchez outlined the projections to grow in Mexico and Colombia, and preparing to enter Brazil, with a goal to reach one million people in the next three years.
