Digital House raises $50m in investment round
Digital House, an Argentine edtech start-up with operations across Latin America, has raised more than $50 million in an investment round that featured Mercado Libre and Globant, two of Latin America’s largest tech companies, and investment firms Kaszek and Riverwood Capital.
Digital House focuses on providing training courses to develop digital technology talent through immersive remote courses, and has operations in Argentina, Brazil, Chile, Colombia, Mexico, Peru and Uruguay.
As well as offering paid-for courses, Digital House also offers free webinars on topics such as digital marketing, UX design and data, scheduled across the region’s time zones so that local users can access them at their convenience.
Digital House said in a statement that this injection of funds will allow it to continue and accelerate its expansion plan to add more training centers and offer better geographic coverage and new content to train talents required in industries and service companies as a result of digital transformation.
Argentine law firm Bruchou, Fernández Madero & Lombardi acted as counsel to Digital House in the investment round, with a team led by partner Santiago Balbi and associate Juan José Romano Blanco.
Argentine law firm Marval O’Farrell Mairal advised Globant and Riverwood Capital, with a team comprising partner Hernán Slemenson and associate Carolina Fiuza.
Globant’s in-house counsel for the financing was general counsel Sol Noello, with Martín Berges.
Kaszek, which was already an investor in Digital House, was advised by law firm Gunderson Dettmer, with a team led by Bradley Krack, while Mercado Libre, Latin America’s largest e-commerce platform, was advised by its in-house team Tomas Hermida and Cecilia Bergonzi.
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