AMERiCA LEARNiNG MEDiA

(Rio de Janeiro/Miami – October, 2013 - @izzuiapp) Social learning app developer Izzui announces their first funding round of R$3 million from Confrapar, a Brazil-based growth capital firm. Izzui is a spinoff of leading corporate education solution provider Affero Lab that recently launched an open elearning marketplace app on Facebook for companies and individuals. The funds will be allocated for product development, marketing and strengthening the team.

The company has two main offerings that have been successfully launched and marketed: a collaborative cloud based content development platform for online courses and training called QuickLessons, and the first of its kind learning app to create, publish, share and sell elearning content on Facebook called Izzui. With Izzui, it is possible to create both public and private learning channels to better engage friends, fans and followers and establish a learning identity and presence on Facebook.

Among the main corporate customers of Izzui are Petrobras, Contax, Atento, Sky, and companies from North and Latin America, Europe and Africa. Izzui counts with 200 thousands users and more than 500 published courses.

According to Carlos Eduardo Guillaume , CEO of Confrapar, one of the key differentiators of Izzui is a unique, innovative and scalable business model. "From the moment we met with the company and their founders, we felt confident about this investment opportunity. The Izzui platform offers high growth potential for both B2B (corporate) and B2C (end user) scenarios", he adds.

Izzui is the eleventh investment by Confrapar and the fourth of its fund NascenTI (based on Rio de Janeiro). The fund started its operation in January 2011 and plans to invest in more four companies in the next two years. Today, portfolio companies include Fisgo, Oktagon Games, Easy Food and Izzui .

With the investment, the company is working hard to complete a new release of their platform that promises to deliver a new way for online brands to create and manage social learning channels and games by the beginning of next year. To accomplish this goal, the company recently appointed a new CTO and a new COO and is actively developing a presence in the United States, as well as searching for talent and partners.

For Alfredo Leone, CEO Izzui , “Confrapar brings the smart money we need to achieve our growth targets. We chose a partner that brings hands on experience in technology, management and governance”. He continues: “Our goal is to bridge digital learning and social media experiences to enhance the way brands and people connect on social networks. Any brand from corporations, to nonprofits and individuals should strive to be a social learning channel”.