Tera, a Sao Paulo-based online business school, announces it closed a funding round of nearly $2.09 million led by X8 Investimentos.
Founded in 2016, Tera helps business professionals improve skills including digital product management, UI/UX, data analysis, operations strategy, artificial intelligence, and leadership.
According to Leandro Herrera, Founder and CEO of Tera, the investment will help Tera to expand course offerings and the number of learners especially from corporate clients. The company said revenue from these clients account for 35%. Itaú is one of its clients.
As Mapeamento Edtech 2022, an edtech report focusing on Brazilian edtech market, points out that the edtech industry in Brazil is thriving with the total number of companies increasing 44% to 813 by 2022.