Dealflow | April 8, 2017

Vox Capital backs education startup to boost student performance in Brazil

Dennis Price
ImpactAlpha Editor

Dennis Price

Vox Capital has backed an education startup to boost student performance in Brazil.

Rio de Janeiro-based Aondê has created a multimedia-teaching approach, called Conecturma, that combines books, games, cartoons, music and puppets into an interactive story to teach Portuguese, mathematics and social and emotional skills to youth.

Conecturma is used in more than three dozen schools and reaches more than 4,000 students in Brazil, which has some of the worst education outcomes in the world, according to the OECD.

Vox Capital’s R$4 million ($1.3 million) investment, the first from the impact investor’s second fund, will help Aondê further develop and roll out Conecturma, as it aims to reach nearly 200,000 students in the coming years.

Vox, one of Brazil’s earliest impact-investing fund managers, has backed more than 20 startups since 2009. The firm now manages about R$120 million ($31 million) between its two funds.

Impact investors in Brazil made 48 investments totaling roughly $70 million in 2014 and 2015, according to the Aspen Network of Development Entrepreneurs.