Ed-tech platform Platzi closes $62 million Series-B round, to invest in new material and expand its enterprise service

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Ed-tech platform Platzi closes $62 million Series-B round, to invest in new material and expand its enterprise service
Ed-tech platform Platzi closes $62 million Series-B round, to invest in new material and expand its enterprise service

A soft skills school has been established by the Ed-tech platform, and while it is not required, more than 60 per cent of students who take a technical course will combine it with training on how to communicate effectively or work in a large group

With participation from Foundation Capital, Y Combinator, 500 Start-ups, FJ Labs, FundersClub, and others and headed by Prosus, the Ed-tech platform Platzi has recently closed a $62 million Series-B round.

The new funds will be used by the Ed-tech platform to invest in new material and to expand its enterprise service. Most significantly, to assist more young people, especially high school students, in securing jobs in Latin America’s most notable tech businesses, it intends to extend its educational offerings.

Right now, on Platzi, web development, advertising, and marketing are the most popular classes. A soft skills school has been established by the Ed-tech platform, and while it is not required, more than 60 per cent of students who take a technical course will combine it with training on how to communicate effectively or work in a large group.

As of now, to access the coursework, about 60 per cent of Platzi’s students spend $300 per year that is the same amount of money (or less) that 50 per cent of students make per month per graduation. While salaries will likely increase over time, Freddy Vega and Christian Van Der Henst, the co-founders want this metric to change.

Vega said to TechCrunch, “They (students) had to sacrifice one month of salary to be able to afford the Ed-tech platform, Platzi. I know we can make it cheaper in the next two years”.

What will the Ed-tech platform do with $62 million? According to the learning platform, they will be more accessible to all, they will create a more powerful English Academy to make the region bilingual, and the platform will launch in Brazil.

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