Mercado Libre, Globant, and Riverwood Capital invested USD50m in Digital House, an Argentine platform providing technical education for developers, with follow-on from KASZEK. TPG’s The Rise Fund led a USD20m Series B in 2017; KASZEK first invested earlier that same year.
(TechCrunch) – Digital House, a Buenos Aires-based edtech focused on developing tech talent through immersive remote courses, announced today it has raised more than $50 million in new funding.
Notably, two of the main investors are not venture capital firms but instead are two large tech companies: Latin American e-commerce giant Mercado Libre and San Francisco-based software developer Globant. Riverwood Capital, a Menlo Park-based private equity firm, and existing backer early-stage Latin American venture firm Kaszek also participated in the financing.
The raise brings Digital House’s total funding raised to more than $80 million since its 2016 inception. The Rise Fund led a $20 million Series B for Digital House in December 2017, marking the San Francisco-based firm’s investment in Latin America.
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