About Letrus
Letrus is a company based in Pinheiros (Brazil) founded in 2015 by Allison Hirata, Luis Junqueira, and Thiago Rached.. Letrus has raised $7.3 million across 1 funding round from investors including The Lemann Foundation, Crescera Capital and Owl Ventures. Letrus offers products and services including Letrus Platform and Redação Program. Letrus operates in a competitive market with competitors including NoRedInk, WriteLab, Writable, Kidblog and Don Johnston, among others.
- Headquarter Pinheiros, Brazil
- Founders Allison Hirata, Luis Junqueira, Thiago Rached
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Sectors
Education
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Centro De Autoria E Cultura Ltda
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.3 M (USD)
in 1 rounds
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Latest Funding Round
$7.3 M (USD), Series A
Dec 11, 2023
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Investors
The Lemann Foundation
& 4 more
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Employee Count
Employee Count
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Products & Services of Letrus
Letrus offers a comprehensive portfolio of products and services, including Letrus Platform and Redação Program. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for real-time feedback on writing and reading exercises
Program for improving student text production and analysis skills
Funding Insights of Letrus
Letrus has successfully raised a total of $7.3M through 1 strategic funding round. The most recent funding activity was a Series A round of $7.3 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $7.3M
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First Round
First Round
(11 Dec 2023)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series A - Letrus | Valuation | Crescera Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Letrus
Letrus has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include The Lemann Foundation, Crescera Capital and Owl Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Crescera Capital is engaged in private equity and venture capital investments.
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Founded Year | Domain | Location | |
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Investments in edtech companies are made by Owl Ventures.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Letrus
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Letrus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Letrus Comparisons
Competitors of Letrus
Letrus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NoRedInk, WriteLab, Writable, Kidblog and Don Johnston, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Grammar and writing skills are enhanced by a web-based platform.
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| domain | founded_year | HQ Location |
Writing feedback is provided by a browser-based analysis tool.
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| domain | founded_year | HQ Location |
Writing practice tools are offered for grades 3-12 students.
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| domain | founded_year | HQ Location |
Writing skills for K-12 students are developed through monitored blogging.
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| domain | founded_year | HQ Location |
Educational tools and curriculum provider for school and students
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Letrus
Frequently Asked Questions about Letrus
When was Letrus founded?
Letrus was founded in 2015 and raised its 1st funding round 8 years after it was founded.
Where is Letrus located?
Letrus is headquartered in Pinheiros, Brazil. It is registered at Pinheiros, Espirito Santo, Brazil.
Who is the current CEO of Letrus?
Thiago Rached is the current CEO of Letrus. They have also founded this company.
Is Letrus a funded company?
Letrus is a funded company, having raised a total of $7.3M across 1 funding round to date. The company's 1st funding round was a Series A of $7.3M, raised on Dec 11, 2023.
What does Letrus do?
Letrus was founded in 2015 in Pinheiros, Brazil, as an AI-based platform in the education technology sector. Literacy skills are developed through digital tools tailored for students. E-books, interactive spreadsheets, and structured courses are provided to support learning objectives. Operations focus on accessible educational resources, with content delivered via an online domain.
Who are the top competitors of Letrus?
Letrus's top competitors include NoRedInk, Don Johnston and WriteLab.
What products or services does Letrus offer?
Letrus offers Letrus Platform and Redação Program.
Who are Letrus's investors?
Letrus has 5 investors. Key investors include The Lemann Foundation, Crescera Capital, Owl Ventures, Altitude, and VélezReyes+.