Fundz

Vasta Announces Closing Of Investment In Educbank

PRIVATEJul 19, 2022
SoftwareEducation

Description

Vasta Platform Limited (NASDAQ: VSTA) announces the completion, by its wholly-owned subsidiary, Somos Sistemas de Ensino S.A. (“Somos”), of the minority investment in Educbank Gestão de Pagamentos Educacionais S.A. (“Educbank”). Vasta investment will total R$158 million, for a 47.4% stake in Educbank, to be paid in: (i) cash installments totaling R$88 million, according to the growth of students served by Educbank and other conditions, and (ii) upon capitalization of credits arising from the sale of intangible assets by Somos (R$ 70 million)

Quick answer

Vasta raised an undisclosed amount in a funding round, dated July 19, 2022.

How much did Vasta raise?
Vasta raised an undisclosed amount in a funding round on July 19, 2022.
What does Vasta do?
Vasta is a leading, high-growth education company in Brazil powered by technology, providing end-to-end educational and digital solutions that cater to all needs of private schools operating in the K-12 educational..

Source: Fundz verified event record.

Who else raised in Education and Software around the same time

Companies in the same sectors as Vasta that raised within 45 days of this round, from Fundz verified event records.

  • Jackett raised $1M (Seed) on August 25, 2022.
  • ETU raised an undisclosed amount on August 24, 2022.
  • Omnibiz raised an undisclosed amount (Funding Round) on August 19, 2022.
  • Impact Venture Capital raised $20M (Series B) on July 21, 2022.
  • xQ raised $1.4M (Seed) on July 20, 2022.
  • Vanta raised $150M on June 16, 2022.

Who to call at Vasta, and when

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Company Information

Company

Vasta

About

Vasta is a leading, high-growth education company in Brazil powered by technology, providing end-to-end educational and digital solutions that cater to all needs of private schools operating in the K-12 educational segment, ultimately benefiting all of Vasta’s stakeholders, including students, parents, educators, administrators and private school owners. Vasta’s mission is to help private K-12 schools to be better and more profitable, supporting their digital transformation. Vasta believes it is uniquely positioned to help schools in Brazil undergo the process of digital transformation and bring their education skill-set to the 21st century. Vasta promotes the unified use of technology in K-12 education with enhanced data and actionable insight for educators, increased collaboration among support staff and improvements in production, efficiency and quality. For more information, please visit ir.vastaplatform.com.

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Vasta raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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