Brazilian training platform Galena has secured $16.7 million in a Series A round led by Altos Ventures, a venture capital fund based in Silicon Valley.
The round was backed by the venture capital arm of holding company Exor as well as Owl Ventures, Reaction, Globo Ventures and a few individual investors including David Velez, Kevin Efrusy, Dan Rosensweig, Armínio Fraga and Romero Rodrigues.
This is Galena’s second round of funding, following a $7.3 million seed round raised in March 2021.
The company intends to use the fresh capital to boost its growth through key investments in technology, product development and talent acquisition.
Galena was founded in 2020 by ed tech business Somos Educacao’s former managers Eduardo Mufarej and Guilherme Luz.
The company provides a digital platform that trains students, helps them find employment opportunities, connects them to partner companies, and follows up with them post-employment. Students that use Galena’s platform are usually employed after four months of training. They pay Galena after the training is concluded, and only if they are hired with a salary of R$2,000 or more, according to the company.
Galena’s corporate partners include Brazilian and international firms such as iFood, QuintoAndar, Cora, Unilever, Stone, Nubank, Alelo, XP, Arco, Dell and PetLove.
Date published: 14 April 2022