Omidyar Network made an undisclosed investment in Agenda Edu, a Brazilian school management and communication platform.
(Press Release) Agenda Edu (www.agendaedu.com), a platform that increases engagement in school settings, announced today that Omidyar Network, the philanthropic fund created by Pierre Omidyar and his wife Pam Omidyar, has made an investment in the Brazilian startup to help them further scale, including platform improvements, and growth of its user base and team. Agenda Edu already serves more than 1 million active users, including students, parents, and educators, making it the largest school management and communication platform currently in operation in Brazil. Thousands of schools across the country already use Agenda Edu.
“Our goal is to double the customer service team and triple the user base by January 2020,” said Agenda Edu CEO Anderson Morais, “We hope to repeat the 2018 performance: This year we tripled our base and reached almost 1350 schools.”
Omidyar Network has committed more than $1.3 billion globally, and, in Brazil, has invested in for-profit and not-for-profit education partners including Geekie, Guten News, Digital House, Ensina Brasil, Laboratoria, and the Innovation Center for Brazilian Education (CIEB).
“Agenda Edu is a powerful platform for deeper engagement with families, teachers and students, and it solves a key issue for schools,” says Omidyar Network Investment Director, Fabio Tran. “We are excited about the investment because we believe that we can contribute to improving efficiency, management, and results in the learning process of children and adolescents.”
“This contribution represents yet another validation of the Agenda Edu model, and I believe that the resources will speed up the growth of the business. In addition, with Omidyar Network as an investor and with their track record in education, we hope it will help position Agenda Edu as the preferred app for schools,” says Rodrigo Borges, a partner at DOMO Invest, a Venture Capital Asset Management firm, which earlier this year, invested in Agenda Edu.
Bossa Nova Investimentos joined Omidyar Network in this investment. “Agenda Edu’s profile is aligned with Bossa Nova’s investment criteria, which focus on companies with innovative, digital, and scalable businesses. In addition to being in one of our areas of interest, which is Education,” notes Bossa Nova Investimentos Managing Partner Joao Kepler.
After four and a half years on the market, Agenda Edu now reaches all education levels across various institutions. In addition to communications management, the platform has increased its range of services to include features that help improve the engagement and educational journey of school officials, students and educators, as well as improve the experience for schools to monitor their progress through indicators in a more transparent manner.