Edtech startups in Latin America are on the rise, with a growing number of companies leveraging technology to transform education in the region. According to a report by Global Newswire, Latin America’s education technology market is expected to grow 17.3% from 2019 to 2025, driven by increased investment and adoption of digital solutions in the education sector.
One of the main drivers of the growth of edtech startups in the region is the increasing demand for quality education. Many countries in the region face significant challenges in terms of access to education, with high dropout rates and low levels of literacy. Edtech startups are addressing these challenges by providing innovative solutions that leverage technology to deliver educational content and services to students in a more accessible and affordable way.
Another factor driving this growth is the increasing availability of digital infrastructure. The region has seen a rapid increase in internet penetration rates in recent years, and this has created new opportunities for startups to deliver educational content and services online.
Additionally, the widespread adoption of mobile devices has created a new market for edtech startups, with many companies developing mobile applications and other digital tools that can be accessed on smartphones and tablets.
Get to know 3 Edtech stars in LatAm
In this vertical, an undeniable rising star and great example of success is Platzi, a Colombian company that provides online courses in technology, business, and design. Platzi’s platform offers courses in Spanish and English and has attracted over 1 million students from more than 40 countries. The company has raised over $15 million in funding and has partnerships with companies such as Google, Amazon, and Microsoft.
With increasing investment and adoption of digital solutions, these startups will help to address the challenges of access and affordability in education for many Hispanic citizens.