Ucademy, the Spanish educational technology company specializing in overcoming academic tests such as selectivity, has raised $1.67 million (€1.5 million) in a financing round led by the venture capital firm Brighteye, with participation from Eoniq. This investment is part of a more extensive ongoing Series A round.
With the fresh capital, the startup plans to strengthen efforts to validate and expand in international markets. It has recently established itself in Chile and Mexico with its University Access exams. Ucademy also plans to open new markets in Spain with training related to Healthcare (EIR, MIR) and pre-Selectivity (1st and 2nd baccalaureate), as well as dedicating resources to improve further the technological product and the inclusion of AI in the personalized study process.
Founded in 2021, Ucademy focuses on helping users pass official entrance exams, or qualifying exams for public university education or governmental jobs, with its personalized study plans. The platform works through small informative pills in the form of videos that are complemented with access to teachers 24 hours a day and continuously updated notes. It has established itself as a benchmark for its entrepreneurial culture and ability to attract and retain talent. Headquartered in Madrid, the startup claims a turnover of €2 million in its first year and a presence in eight countries.
Speaking on the fundraising, Co-founder & CEO of Ucademy, Ramiro Zandrino, said:
We are very happy that investors continue to trust us because it validates our work and vision. We have experienced important growth since the end of 2022, but always with the intention and care of maintaining our culture and way of being.
In the near future, Ucademy aims to maintain the growth of previous years, leading them to close the year with a turnover of close to 4 million euros and a workforce of more than 60 employees.
