The company has highlighted in a statement that this capital injection will go towards “consolidating itself as the leading platform for study material in Spanish” and “continuing to strengthen the product so that it empowers students even more.”
Wuolah, founded in Seville by Jaime Quintero, Enrique Ruiz, Javier Ruiz and Francisco José Martínez, is on a mission to reinvent traditional education by enabling millions of students to pass and learn better, thanks to the materials of their classmates.
“We want to transform the educational model which, unfortunately, is based on memorisation and holds back the development of too many countries, professionals and citizens. We have started with notes and the Wuolah of the future will have video courses, streaming classes. We see ourselves as the Twitch of education,” said Quintero.
From Seaya Ventures, partner Pablo Pedrejón stressed that: “The passion generated among students for the current platform is just the starting point to continue developing products that transform learning throughout the Spanish-speaking world.”
Zurbarán Abogados advised Wuolah with a team led by Corporate and Venture Capital partner Ricardo Torres García, who is now part of Zurbarán after the integration of [A]CODE Abogados, where he was a partner.