Brazilian EdTech startup Trybe raises US$9.2 million

March 3, 2020

Brazilian EdTech startup Trybe will use the investment to expand its software education platform in Brazil

Brazilian EdTech startup Trybe raises US$9.2 million

Brazilian EdTech startup Trybe has successfully acquired US$9.2 million (R$42 million) in funding to develop its software platform.  It hopes to attract in excess of 600 students and open up nine additional classes.  The investment round was led by Atlantico with participation from Canary, Global Founders Capital and Norte.  This adds to the seed capital raised by e.bricks Ventures and MAYA Capital and angel investors Armínio Fraga and Ronaldo Lemos.

Trybe follows a blended learning model by providing online learning as a complement to in person tuition at designated hubs.  The basic concept is that students follow an intensive course in software design for a period of 12 months and then having been upskilled, receive support from Trybe to gain employment.  Once students are earning above $782.51 USD per month, a repayment plan is established, thus creating a mutual benefit for both students and Trybe employees.

The Trybe curriculum focuses on web programming and app development as the company is anticipating a growing demand for software engineering in Brazil and South America.  It currently operates hubs in Belo Horizonte, São Paulo, Itajubá and Florianópolis.  To help students gain employment, Trybe has developed a partnership with a large selection of companies which can be expanded below.

Partnerships

Jusbrasil
Localiza
genial invetimentos
Resultados Digitais
ThoughtWorks
Loft
Sambatech
Tembici
Axur
SmartBot
Méliuz
Dito
WatchGuard
Cuidas
Rockcontent
Sanar
Lemon
Ioasys
Melhor Plano
Involves

“ Education changes people’s lives and we wanted to do something that would have a greater impact. Private lessons are only for those who have financial availability, ” Matheus Goyas, CEO & Co-founder, Trybe

Articles have been published about Trybe in the media including Exame, Istoé Dinheiro and Folha de S.Paulo.

You can read more about Trybe by following this link: https://www.betrybe.com/

You can find out more about EdTech here: https://www.global-edtech.com/edtech-definitions-products-and-trends/