
Beereaders
Provides a digital reading experience that motivates and supports Spanish-speaking students.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor | €0.0 | round |
investor investor investor | €0.0 | round | |
N/A | €0.0 | round | |
investor investor investor investor investor investor investor investor investor | €0.0 | round | |
investor investor investor | €0.0 Valuation: €0.0 | round | |
investor investor investor | €0.0 Valuation: €0.0 | round | |
investor investor investor investor | €0.0 | round | |
* | $3.5m | Seed | |
Total Funding | 000k |
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 64 % | - |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Beereaders is an educational technology company targeting the significant reading comprehension gap among Spanish-speaking K-12 students. Founded in 2019 by Rubén Arias and Luis Gringras in Santiago, Chile, the company is now headquartered in Austin, Texas, with a presence in several Latin American countries. The founders identified a critical need for better communication skills and foundational reading abilities among the 100 million Spanish-speaking students and created Beereaders to address this challenge. Arias, the CEO, and Gringras, an engineer with an MBA, combined their expertise in technology and business to launch the venture.
The company operates on a B2B2C model, primarily selling its digital platform to schools and districts, which then provide it to their students, teachers, and families. Its revenue is generated through this subscription-based access. Since its inception, Beereaders has secured significant funding, raising a total of $6.84 million over four rounds, including a $3.5 million Series A round in May 2023 led by Reinventure Capital and ALIVE Ventures. This financial backing supports its mission to expand its reach across Latin America and the United States.
The core of Beereaders is a digital platform that transforms Spanish literacy education into a personalized and engaging experience. It utilizes a game-like environment to motivate students, incorporating rewards to encourage progress. The platform offers a vast library of over 1,000 books and 10,000 short texts, or "desafíos," featuring authentic Spanish literature and culturally relevant content from esteemed Latino authors. This approach not only builds literacy skills but also fosters a deeper connection to Hispanic culture. For educators, Beereaders provides analytical tools to monitor student progress, identify learning gaps, and personalize instruction. The platform also includes a Family App to involve parents in their children's learning journey, creating a supportive educational ecosystem.
Keywords: Spanish literacy, EdTech, K-12 education, reading comprehension, personalized learning, digital education platform, Latin America education, bilingual education, gamified learning, language skills, educational software, authentic Spanish content, teacher support tools, student assessment, family engagement, dual language programs, Hispanic culture, literacy improvement, mobile learning, educational resources