29 Venture Capital Funds in Latin America That Invest in Edtech Startups

Explore the mapping of venture capital funds that invest in educational technology companies and can help you grow if you are fundraising or plan to soon.

Major educational technology companies such as Platzi, Crehana, Duolingo and Coderhouse, which today are a benchmark in the edtech startup ecosystem in Latin America, reached the top with the help of venture capital funds. The funding rounds they received accelerated their growth and became a key component of their development.

Venture capital funds have played a key role in the educational technology boom we have seen in Latin America over the last 10 years. The region became an attractive destination for investors with a special interest in edtech. To date, in the region, this sector has received more than US$1B in investment and has more than 1,500 educational technology companies, according to Holon IQ data.

In 2023 alone, edtech received around US$3 billion, while in the first half of 2024, investments totaled more than US$1 billion, according to Crunchbase data. Although the figures have decreased in recent years, edtech companies keep attracting venture capital investment and it is a sector with great opportunities in the market. Remember that there are still educational challenges in Latin America and the Caribbean that have not been fully addressed.

According to the Inter-American Development Bank, the 4 main educational problems in the region are:

1. Dropout from secondary education: 35% of young people between 21 and 23 years old have not finished secondary school.
2. Deficiency in learning foundational skills: 50% of 15-year-old students have low levels of learning in science and reading, while 75% are deficient in math.
3. Most students do not have the basic cognitive and socio-emotional skills to succeed in life.
4. Not everyone has access to quality education, especially in vulnerable areas.

Venture capital has turned its attention to educational startups that address these problems with innovation and technology. Entrepreneurs and educational technology play a fundamental role in transforming Latin America and the Caribbean, because of their ability to solve learning needs with more agility and simplicity. In addition, their innovative solutions tend to fill the educational gaps that governments are not addressing in their education models.

The segments and technology solutions that have been most attractive to investors and have grown the most, according to the 2024 Global Education Outlook report by Holon IQ, are:

1. STEAM solutions from K-12 to the workforce.
2. Solutions for digitizing processes in educational institutions and companies, from analytics to LMS, parent communication apps, education financing and full-service administrative environments.

In recent years we have seen that most educational technology startups have focused on developing solutions to complement and reinforce learning inside and outside schools, as well as developing skills at the early childhood, primary and secondary, higher education and workforce levels. However, there are still gaps in the market and in existing solutions that entrepreneurs can take advantage of with new technologies.

For entrepreneurs who already have solutions like these or plan to develop them and are looking for outside investment to grow, we mapped the venture capital funds that have invested in early-stage and growth-stage educational technology startups in Latin America, with investment tickets from US$50,000 in a pre-seed or seed round up to US$10 million in a Series B.

These venture capital firms have funded major startups such as Aprende Institute, Beereaders, Kinedu, Crack the Code and Crehana, among many others. Their investments focus mainly on Latin America and on startups with innovative technology-based solutions focused on childhood, youth and adulthood. Just as these companies grew with outside capital, your startup can also reach the next level of growth.

Before choosing investors, we suggest a thorough review of each fund’s investment thesis to identify those aligned with your product and vision. Remember that investors can decline your investment request, and not necessarily because your product is bad, but because it does not fit what each fund is looking for.

Here are 29 venture capital funds that have invested in edtech startups in Latin America and other parts of the world:

Angel Ventures, Mexico

• Investment ticket: Between US$250k and US$1M.
• Portfolio: Aprende Institute, Vinco and Localized.

Carabela, Mexico

• Investment ticket: From US$50k to US$150k.
• Portfolio: Gabu.

Valor Capital Group, Brazil

• Investment ticket: Not specified.
• Portfolio: Alicerce, Aprende Institute, Descomplica, English Central, Passei Direto, Principia, Udacity.

Domo VC, Brazil

• Investment ticket: US$100k to US$1M.
• Portfolio: 7waves, Even3, Jovens Genios, Kiddle Pass, Learn to Fly, Lingopass, You Pay.

Latin Leap, Colombia/Mexico

• Investment ticket: Pre-seed and follow-on rounds.
• Portfolio: Talently, Magneto.

Fen Ventures, Chile

• Investment ticket: From US$3M to US$5M.
• Portfolio: Políglota.

Salkantay Ventures, Peru

• Investment ticket: From US$1M to US$5M.
• Portfolio: Ubits, Talently, Cometa, uDocz, Aprende Institute, Slang.

Winnipeg, Chile

• Investment ticket: Pre-seed to Series A
• Portfolio: Talently, Beereaders, Kurios, Edmachina, Databits, Kimple.

Impacta VC, Chile

• Investment ticket: Between US$100k and US$500k.
• LAB4U.

Alive Ventures, Colombia

• Investment ticket: Between US$500k and US$3M.
• Portfolio: Crehana, Levee, uPlanner, Slang, Beereaders.

Impact Ventures, Mexico

• Investment ticket: Between US$1M and US$3M.
• Portfolio: smartBeemo, Laudex, Ticmas, Hipocampus, Lab4u, Kinedu, Holacode.

New Ventures Capital, Colombia

• Investment ticket: US$350k.
• Portfolio: Flevo, PROtalento, smartBeemo.

Lotux, Mexico

• Investment ticket: Between US$50k and US$100k.
• Portfolio: Anyone AI.

Dalus Capital, Mexico

• Investment ticket: Between US$500k and US$6M
• Portfolio: Growth Institute, Qualified.

NXTP Ventures, Argentina/Brazil/Uruguay

• Investment ticket: US$500k to US$2M.
• Portfolio: Mainstay, Ambi, Mentor Collective.

Magma VC, Mexico

• Investment ticket: Between US$50k and US$5M.
• Portfolio: The Intern Group, Anyone AI, PleIQ, Ubits.

Ignia, Mexico

• Investment ticket: From US$1M.
• Portfolio: Kinedu, Erudit.

500 Global, Mexico

• Investment ticket: US$300k.
• Portfolio: Aprende Institute, Platzi, Avioneta, Bluerabbit, Briko Robotics, Calificadas, Databits, Kinedu, Little Bookmates, Profe Social, Talently, Tarefa, Tedi, Wited, Tope University, Thinkparametric.

Dila Capital, Mexico

• Investment ticket: Between US$1M and US$4M.
• Portfolio: Crehana, Kinedu, Mattilda, Slang.

Cometa, Mexico

• Investment ticket: From US$500k.
• Portfolio: Territorium.

Igah Ventures, Brazil

• Investment ticket: Not specified.
• Portfolio: Percursa.

Kaszek, Brazil

• Investment ticket: From US$250k to US$6M.
• Portfolio: Camino Education, Crack the Code, Digital House, Open English.

Monashees, Mexico/Brazil

• Investment ticket: Pre-seed to Series A.
• Portfolio: Coderhouse, Estante Mágica.

General Atlantic, Mexico/Brazil

• Investment ticket: Mainly Series B and Series C.
• Portfolio: Duolingo, Kahoot!, Fluence Academy, Arco, Crehana, Panorama, Quizlet.

Kayak Venture, Mexico/Chile

• Investment ticket: Up to US$5M.
• Portfolio: Henry.

Alaya Capital, Argentina

• Investment ticket: From US$1M to US$5M.
• Portfolio: EGG, Filadd, Talently, Teamcubation.

Mindset Ventures, Brazil/U.S.

• Investment ticket: From US$100k to US$10M.
• Portfolio: Sense, Plexuss.

Bossa Nova Investimentos, Brazil

• Investment ticket: From US$100k to US$1.5M.
• Portfolio: Mais Vivida, Olivas, Fofuuu, Be Academy, Eskolare, School Guardian, ImaginaKids, Mettzer, Sambatech, Noby, Blox, Redacao Online, Keeps, Yes Transforma, CS Academy, Tuto Digital, Kiddle Pass, Edunext.

MrPink, Uruguay

• Investment ticket: Between US$100k and US$300k.
• Portfolio: Cuentología, Brave UP.

As you have seen, the ecosystem is stronger than ever today and the conditions for starting a business in education have improved; they are very different from 10 years ago. There are now more sophisticated startups and better-prepared entrepreneurs with scalable solutions and business models, with many growth opportunities.

Its consolidation in the market has not been easy, but edtech keeps making its way in the market and continues to grow thanks to the support of venture capital, incubators, accelerators, government programs, schools and social organizations that seek collaboration with startups to innovate and reach more people in education.

We hope this list helps you move to the next stage of growth in your company. Best of luck!