Descomplica is a Brazillian start up that aims to bring education to students through computers and phones in a big way. Last year alone the company had three million students users and half a million students watch the live online lessons. In the latest series of raising funds the company received $5 million, which brings their total funding to $7 million.
The company’s co-founder Marco Fisbhen (@marco_fisbehn) says that the company is lessening the inequity in the education market because it is an alternative to the very high priced private tutoring market. The company is putting its library on SMS platform, which gives access to even more students. With internet penetration in Brazil rising from 9% in 2002 to almost 50% in 2012, some Brazilians are finding great ways to utilize the population’s new internet access.
Descomplica is showing the education is a market that can use new technologies in successful ways, and investor confidence implies that the technologies market in Brazil has a lot of potential.