Vitru Announces R$300 Million Investment From Crescera And Plan To Undertake Rights Offering
Round Type
Post-IPO Equity
Santa CatarinaEducationE LearningEdtechLanguage LearningDescription
Vitru Limited (Nasdaq: VTRU) (“Vitru”) today announced that on September 27, 2022 it entered into an investment agreement with Crescera Growth Capital Master V Fundo de Investimento em Participações Multiestratégia and Crescera Growth Capital V Coinvestimento III Fundo de Investimento em Participações Multiestratégia (collectively, “Crescera”), pursuant to which Crescera has agreed to subscribe for 3,636,363 new common shares to be issued by Vitru (which, upon issuance, will amount to approximately 10.6% of Vitru’s outstanding common shares) for a total consideration of R$300 million, equivalent to approximately US$56 million based on current exchange rates as of September 27, 2022. The exact amount Crescera will pay in in U.S.$ will be determined in the following days once the currency conversion date is determined by Vitru.
Quick answer
Vitru raised an undisclosed amount in a Post-IPO Equity round, dated September 28, 2022. Vitru is based in Santa Catarina, Brazil.
- How much did Vitru raise?
- Vitru raised an undisclosed amount in a Post-IPO Equity round on September 28, 2022.
- What does Vitru do?
- Vitru is the leading pure distance learning education group in the postsecondary distance learning market in Brazil.
- Where is Vitru based and how big is it?
- Vitru is based in Santa Catarina, Brazil.
Source: Fundz verified event record.
Who else raised in Education and E Learning around the same time
Companies in the same sectors as Vitru that raised within 45 days of this round, from Fundz verified event records.
- Classera raised an undisclosed amount (Series A) on October 27, 2022.
- CLASSUM raised $11M (Series B) on October 11, 2022.
- KAHOOT! raised an undisclosed amount (Secondary Market) on September 16, 2022.
- UpGrad raised an undisclosed amount on August 16, 2022.
- AlmaBetter raised $2.7M (Seed) on November 2, 2022.
- Vanta raised $2.5M (Seed) on October 10, 2022.
Who to call at Vitru, and when
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- An alert the day Vitru raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Vitru, from your own LinkedIn network
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Vitru 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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