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Mexican startup Cometa raised USD $5M to expand its presence in Latin America and invest in platform development. The startup specializes in providing financial services to private schools in the region, helping them to manage their cash flow, streamline administrative tasks and facilitate tuition payments.

Cometa's platform offers tools that digitize school operations saving hundreds of hours of tasks each year. The startup's mission is to promote financial inclusion within the education sector and empower private schools with access to financial tracking and management solutions.

The seed round was led by top investors, including Kaszek, Reach Capital, Homebrew, Latitud, Investo VC, 500 LatAm, and Salkantay Ventures. Angel investors such as Sergio Monsalve, Sebastian Kreis, Jorge Mazal, Courtney McColgan, and Diego Olcese also participated in the round.

Cometa's CEO, Andres Benavides, has stated that the startup was born out of his personal experience with the challenges of running a school, which led him to collaborate with Gonzalo Gallardo and Mateo Creamer to create Cometa. The team identified a need for technology tools in many Mexican private schools and saw an opportunity to make a positive impact in the education sector.

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