# AprovaDigital

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aprovadigital

- Industry: Software
- Headquarters: Cascavel, Brazil
- Website: www.aprovadigital.com.br
- Total disclosed funding: $5.1M
- Latest round: Seed (Dec 16, 2022)
- Investors on record: 4

## About

Based in Brazil, AprovaDigital provides digital solutions for education, focusing on optimizing academic management and enhancing educational processes through technology.AprovaDigital, founded in 2017 in Cascavel, Brazil, specializes in digital solutions for educational institutions. The company has conducted 2 deals to date, with the most recent funding round occurring on December 16, 2022. Marco Zanatta serves as both the founder and CEO of the company. In this round, AprovaDigital raised BRL 22.5 million in Seed funding, co-led by Vox Capital and Astella Investimentos, with participation from CAF Asset Manager and Endeavor.Aprova Digital specializes in providing a comprehensive suite of digital solutions aimed at optimizing academic management and educational processes. Their primary offerings include a robust Learning Management System (LMS) that facilitates online courses, student assessments, and collaborative learning environments. The company's solutions cater to a diverse range of educational institutions, including universities, colleges, and vocational schools, with a focus on enhancing the learning experience and administrative efficiency. Additionally, Aprova Digital offers tools for performance analytics and data-driven decision-making, which help institutions tailor their educational approaches based on student engagement and success metrics. The products are marketed broadly in Latin America, with a strong presence in Brazil and expanding efforts in other emerging markets.Aprova Digital generates revenue primarily through a subscription-based model, where educational institutions pay for access to their suite of digital tools on an annual or monthly basis. The company may also engage in partnerships with educational organizations to customize solutions that fit specific institutional needs, creating additional revenue opportunities. Pricing structures are designed to accommodate various client sizes, ranging from small colleges to large universities, with tiers that offer different levels of service and functionality. Notably, the flagship Learning Management System is a central product that drives a significant portion of the company's revenue, as institutions seek to enhance their digital learning capabilities. Overall, Aprova Digital's transaction framework emphasizes B2B relationships, ensuring a steady stream of recurring revenue through long-term contracts and renewals.In December 2022, AprovaDigital raised BRL 22.5 million in Seed funding to support its growth initiatives. The company plans to expand its portfolio with new services tailored for city halls and enhance its offerings in digital payments. Additionally, AprovaDigital aims to broaden its market reach beyond Brazil into other Latin American regions, utilizing the recent funding to drive these expansions and product developments.

## Funding rounds

- Seed, Dec 16, 2022, $4.4M — Astella Investimentos, Vox Capital, CAF Asset Manager, Endeavor
- Seed, Jan 28, 2021, $0.7M — Astella Investimentos

## Investors

- Astella Investimentos (https://capitalatlas.ai/funds/astella-investimentos) — Seed
- Vox Capital (https://capitalatlas.ai/funds/vox-capital) — Seed
- CAF Asset Manager — Seed
- Endeavor (https://capitalatlas.ai/funds/endeavor) — Seed