Brazilian edtech Educbank raised $14.5M by issuing corporate bonds. The issuance, fully securitized in school fees, was structured by Travessia. Educbank raised a $35M Series A round in 2022 and a $14.2M round in 2023.
Educbank offers access to capital for k-12 Brazilian schools through funding lines, provides consultancy services, and subsidizes systems like ERPs and Learning Management Systems (LMS).
Educbank will use the funds for its “guaranteed income” product, allowing schools to receive tuition fees even in case of default.
“We are very pleased to see how our commitment, focus and strategic vision have generated confidence in the capital market, enabling us to access the market consistently and in a healthy manner (…). After several milestones and trials, the thesis has proven to be relevant and profitable, with growing interest in our solution,” said Educbank’s Co-founder and CEO, Caio Noronha.
Educbank was founded in 2020 by Vereda’s chain of schools founder Danilo Costa, former Ambev People Director Fabiola Overrath, and former Ambev SG&A Manager Caio Noronha.
