The amount of the funding was not disclosed. In conjunction with the investment, Eduardo Samara, Principal at General Atlantic, will join the company’s board of directors..
The company aims to use the proceeds to invest in research and development in educational technology in order to enhance its educational content offerings as well as to expand its geographic presence throughout Brazil.
Established in 2004 and led by Ari de Sa Neto, CEO, and a sister company of Colegio Ari de Sa, a Brazilian K-12 educational institution, SAS provides a suite of integrated technology-enabled services to educational institutions including curriculum content, teacher training, and consulting services.
The company provides its teaching methodology to over 110,000 students and 325 schools throughout the country.