Business

Prosus leads $60 Million round for Mexican edtech Platzi

It is Naspers' subsidiary first investment in a Latin American edtech.

Freddy Vega, CEO at Platzi. Photo: Courtesy.
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  • Since its founding in 2014, more than 2.5 million students have joined Platzi’s community;
  • They are professionals from large technology companies or even entrepreneurs creating their own startups.

Platzi, a Mexico-based professional education platform serving all Spanish-speaking countries in Latin America, announced that it has raised a $60 million Series B round led by Prosus – it is Naspers’ subsidiary first investment in a Latin American edtech.

Foundation Capital, Y Combinator, 500 Startups, FJ Labs, FundersClub, Hans Tung from GGV, and Darian Shirazi from Gradient also participated in this new round. The company will use the new funding to expand its educational offerings in Portuguese, English, and Spanish, grow the business-focused vertical and continue creating strategic alliances with large technology companies and governments.

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Platzi has more than 2.5 million active students. They are professionals from large technology companies or even entrepreneurs creating their own startups. The platform offers more than 800 courses, from practical skills, such as programming, to soft skills and management.

“Our methodology was created to help students thrive on learned technology skills, as well as soft skills, languages and also allow them to create a network of peers to help them get a job as soon as possible or create their own businesses. Additionally, we give students the tools they need and the support of a community. In a region of great inequality and lack of opportunities like Latin America, this is especially relevant. Every day we see students increase their salary up to ten times after studying at Platzi for a year,” explained Freddy Vega, CEO of Platzi, in a press release.

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Currently, Platzi has offices in Mexico City, Bogotá, and San Francisco, with more than 200 employees. The company also plans to use the new investment round to hire staff for product development, content creation, and sales.

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