Desafío Latam Raises US$ 660,000 to Enter Mexico

With the objective of democratizing access to technological education throughout Latin America, the digital talent academy, Desafío Latam, has just completed its capital raising process for $660,000 through the crowdfunding platform Broota.

“We have made the strategic decision to expand to Mexico, to later begin our scaling process throughout Latin America. This $660,000 will allow us to finance the export of our services, training of local work teams, process automation, adaptations, and improvements in our value offer,” said the founding partner of Desafío Latam, Diego Arias.

In its eight years of operation, Desafío Latam exhibits sustained growth figures and metrics that generate impact in the booming market of programming boot camps that have been developed in Chile: 10 thousand students have passed through its classrooms, 300 teachers impart their knowledge in Information Technology on a daily basis, $120 million have been raised in public funds and since its foundation, they have already achieved sales of more than $7 million. The company is currently valued at more than $5.3 million and according to its latest projections, within the next 5 years, they are looking to multiply its impact and generate a turnover of at least $50 million.

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The round has stirred up great interest in the ecosystem

Even founders of renowned startups have invested in Desafío Latam, such as the Co-Founder and CEO of Políglota, Carlos Aravena; the Co-Founder of Capitalizarme, Francisco Ackermann; the Founder of Pago Fácil, Cristián Tala; the Co-Founder of Go Place it, Pablo Espinace; the Co-Founder and CEO of BUK, Jaime Arrieta; the Founder of Ocular, Danilo Naranjo; the CEO of IT Talent, Marco Muñoz; the Founder of Migrante, Ignacio Canals; the Co-Founder of Comunidad Feliz, David Peña and executives belonging to large technology companies such as Mercado Libre, Globant and Mujeres Empresarias.

“We are happy with the positive reception we have had in the world of angel investors, technology startups, business directories, foundations, and a wide range of people who have decided to invest in our project. We are currently working to continue growing steadily, preparing the landing in Mexico and projecting the scalability of our business model to replicate it throughout Latin America” complements the CEO and co-founder of Desafío Latam, Andrés Gallardo.

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First published in PORTAL INNOVA, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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