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Arco Announces A Us$150 Million Investment From Dragoneer And General Atlantic

Arco Announces A Us$150 Million Investment From Dragoneer And General Atlantic

11/18/21, 1:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/BR.svgsão paulo
Money raised
$150 million
Arco Platform Limited, or Arco (Nasdaq: ARCE), today announced that it has entered into agreements led by affiliates of Dragoneer Investment Group LLC (“Dragoneer”), which have committed to make a US$100 million strategic investment, and General Atlantic Partners (Bermuda) J, L.P. (“General Atlantic”), which has committed to make a US$50 million strategic investment, through the purchase of convertible senior notes, subject to customary closing conditions.

Company Info

Company
Arco Platform Limited (Nasdaq
Location
são paulo, pará, brazil
Additional Info
ARCE)