EBAC Online

About EBAC Online

EBAC Online, known as Escola Britânica de Artes Criativas & Tecnologia, is an educational technology platform concentrating on the Latin American market. The company provides professional development courses designed for individuals aiming to enhance their current skills or transition to new careers in the digital economy.

The venture was launched in June 2020 by co-founders Andrey Anishchenko, Alexander Avramov, Pavel Aleshin, and Rafael Steinhauser. This team combines extensive experience in both the education and technology sectors. Anishchenko co-founded Skillbox, a major online university, while Avramov was a co-founder of the British Higher School of Art and Design and Universal University. Steinhauser brings a strong background in technology investment, having served as president of Qualcomm for Latin America and as a partner at Alpha Capital. The online platform's creation was catalyzed by the 2020 pandemic, which accelerated a pre-existing plan to shift from a physical-first to a digital-first educational model.

EBAC Online's business model is centered on selling individual online courses directly to consumers. The platform targets professionals seeking to upskill or reskill, offering a catalog of over 150 courses in Brazil and more than 50 in Spanish-speaking markets like Mexico, Peru, and Colombia. Course subjects span high-demand digital fields including programming, data science, design, marketing, games, and business. Revenue is generated from course fees, which range from approximately R$1,500 to R$6,000, and by September 2021, the company had reached a monthly revenue exceeding R$6 million.

The company's core service is providing practical, career-focused online education. Courses are developed based on market research to ensure the skills taught are what employers are actively seeking. A key feature is the project-based learning approach, where students work on real-world briefs from partner companies, allowing them to build a professional portfolio during their studies. All courses are taught by industry professionals and include individualized feedback and support from a network of qualified tutors. Furthermore, a dedicated careers center assists students with mentorship and job placement support, contributing to a reported 78% of students finding relevant employment after completing their courses.

The company has successfully secured external funding to fuel its growth. In January 2021, it raised $1.5 million in a seed round. This was followed by a significant Series A round of $11 million in September 2021, led by Baring Vostok Capital Partners, with participation from previous investors. These funds are allocated towards expanding the course catalog, enhancing the proprietary learning management system with features like AI-driven learning support, and driving further expansion across Latin America.