Elevify Raises US$1.35 Million Seed Round to Expand Its Global Edtech Platform
Brazilian edtech Elevify raised US$1.35 million in a seed round led by Newtopia to expand globally, improve its platform, and grow its AI-powered education marketplace.
Elevify, the Brazilian edtech startup that aims to centralize online educational content in a single platform, has raised a $1.35 million seed round to accelerate its international expansion and continue developing its product.
The round was led by Newtopia and included participation from GP Investimentos, Lotux.VC, and Malta Enterprise, alongside follow-on investments from Vivo Ventures and Big Bets.
The company, founded just over a year ago and operating with a seven-person team, compares its model to Spotify’s role in the music industry by organizing educational content already available online into accessible and structured learning experiences.
Elevify Becomes First Brazilian Startup Selected by SuperCharger Ventures Program
Part of the new financing came through the acceleration program led by SuperCharger Ventures, considered one of the world’s largest accelerators focused on edtech startups.
Out of more than 1,200 applicants, only 15 startups were selected to receive investments ranging from €800,000 to €1.8 million, in addition to gaining access to European investors and strategic markets. Elevify became the first Brazilian startup accepted into the program.
This marks the company’s third funding round in slightly more than two years. In October 2023, Elevify raised a US$790,000 pre-seed round led by Big Bets with participation from angel investors. In March 2025, the startup secured an additional US$740,000 extension round, again led by Big Bets and joined by Vivo Ventures and new angel investors.
With the latest seed investment, the company has now raised approximately $2.9 million since its launch.
Rapid Growth Drives Investor Interest
The startup’s growth trajectory has been one of the key factors attracting investors.
In January 2025, Elevify was adding around 5,000 new students per month. By July 2025, that figure had increased to 40,000 monthly users. In March 2026, the platform reached 220,000 new students per month, representing 44x growth in just 14 months.
Revenue also expanded significantly during the same period. Monthly revenue increased from US$15,000 in July 2025 to US$120,000 in March 2026, the same month the startup reached breakeven.
Part of this growth has been driven by international markets, where charging in euros and dollars results in higher average revenue per user.
“The international expansion was prioritized because the type of demand we identified in Brazil would certainly exist in other countries as well. With the technology already validated in Brazil, internationalization became a natural next step,” said Rangel Barbosa, CEO of Elevify.
Expansion Across 140 Countries and 40 Languages
Elevify officially launched internationally in January 2026, expanding its platform to 140 countries and 40 languages.
Today, the United States represents the company’s second-largest market, behind only Brazil.
The startup plans to use the newly raised capital to improve its product, which is still operating in MVP stage, while also exploring new verticals such as B2B solutions and preparatory courses for public exams.
The company also intends to expand its workforce from seven to 15 employees, with a strong focus on technology roles.
A “Spotify for Education” Business Model
Instead of producing educational content from scratch, Elevify aggregates and organizes existing materials such as YouTube videos, podcasts, and books into structured courses that include video, audio, text, and infographics.
Users can customize their learning pace and workload through both free and premium plans. In Brazil, the premium version costs approximately US$17 per course.
Currently, the platform offers approximately 30,000 courses per country, with expectations to reach 50,000 by August.
Every course includes links to the original content source, creating what the startup describes as a circular educational content economy that redirects traffic back to creators and platforms such as Amazon.
Consumption patterns vary significantly by region. In Canada, hobby-related courses dominate user demand, while agronomy and livestock topics are most popular in Africa. In Brazil, health and technical services lead the rankings, while Argentina shows strong interest in beauty and barbering courses. In India, technology and IT-related content are the most consumed categories.
Founded by Experienced Edtech Entrepreneurs
Elevify was founded by serial entrepreneur Rangel Barbosa, who previously launched Mira Educação in 2016 and later founded Ampli in 2020.
Ampli was eventually acquired by Cogna Educação, where Barbosa served as VP of Product until 2023. Elevify co-founder Cesar Silva also previously worked at Cogna.
The company’s long-term ambition is aggressive. Elevify aims to surpass Coursera by the end of 2027, targeting 20 million monthly users while maintaining a team of fewer than 30 employees.
“Our biggest opportunity is in developing countries. Being able to position ourselves as a global education reference changes how investors, partners, and students perceive the brand,” Barbosa said.
