DIGITAL HOUSE, a chain of schools in Latin America focused on training students in technology skills, has raised $20 million in a funding round led by global investment group The Rise Fund. Digital House offers courses designed to help students build tech careers in fields such as software development, data science, AI and analytics.
Founded in 2015, the Argentina-based company maintains two Buenos Aires locations and has already hosted around 2,500 students. It functions similar to a bootcamp with many of its courses lasting around five months. Digital House also offers customized training programs for companies.
In addition to growing its operations in Argentina, the company plans to expand into Mexico and Brazil in early 2018, says cofounder Nelson Duboscq in a statement. According to information released by The Rise Fund, Latin America’s digital economy is growing rapidly, and there are more than half a million unfilled technical positions across the region.
This marks the third education investment from The Rise Fund, which is managed by private equity firm TPG Growth, the middle-market and growth equity fund of TPG. Rise turned heads earlier this year when led a $190 million round in EverFi, a D.C.-based digital curriculum provider. (That was Rise’s first investment, and the biggest funding round for a U.S.-based edtech company this year.)
Previous investors in Digital House include some prominent Latin American entrepreneurs and venture capitalists, such as Kaszek Ventures; Marcos Galperin, Founder and CEO of MercadoLibre; and Martin Migoya, Co-Founder and CEO of Globant. Endeavor Catalyst and Omidyar Network are also investing alongside The Rise Fund and existing investors in this funding round.
