Asset manager Pátria Investimentos invested R$75 million in the StartSe digital education platform, which will be used for strategic acquisitions, marketing and technology.
With around US$ 15.8 billion (R$ 87.9 billion) under management, Pátria now holds a minority stake in the startup, focused on topics related to the new digital economy.
“The investment in StartSe is part of the movement to increasingly increase the relevance of Pátria as an investor in companies in the new economy. In addition, we see the opportunity to leverage StartSe’s expertise to further accelerate the digital transformation of other invested companies Pátria’s portfolio,” said Gil Karsten, partner and director of private equity at Pátria Investimentos, in a note.
Startse has offices in São Paulo, Silicon Valley (United States), China, Israel and Portugal, and has plans to expand its presence in Latin America, targeting sales of R$ 150 million. The company’s forecast is to end 2021 with R$ 75 million in sales.
“With this contribution, we begin a new phase with the consolidation of what we call ‘Educação do Agora.’
According to Pedro Englert, president of the startup’s strategic committee, the plans aim to “build a platform to guide leaders and companies in their processes of constant transformation, where education is just the starting point and what feeds the entire ecosystem. In this sense, we already envision some investments in companies that can add up and help us in this challenge”.
Pátria has adopted a very active posture in the market in recent months in very different sectors of the economy.
In early October, Pátria announced the acquisition of cybersecurity companies Neosecure and Proteus. In September, Pátria had announced the merger of its operations with the Chilean manager Moneda Asset Management.
In addition, in the 5G auction held in early November by Anatel (National Telecommunications Agency), Winity Telecom, a company invested by Pátria, won the 700MHz frequency lot with a bid of R$1.427 billion.
According to the manager, the company’s participation in the auction aims to develop a cellular coverage deployment plan in a wholesale model, which involves an investment of approximately R$ 2 billion for the deployment of more than 5,000 towers by 2029 for support to telecommunications.
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