Exhibit 21.1
List of Subsidiaries
The table below is a complete list of the Company’s subsidiaries as of December 31, 2020:
Name |
| Principal Activities |
| Country |
Arco Educação S.A. |
| Holding |
| Brazil |
|
|
|
|
|
PSD Educação S.A. |
| Educational content |
| Brazil |
|
|
|
|
|
Barra Américas Editora Ltda. |
| Educational content |
| Brazil |
|
|
|
|
|
Distribuidora de Material Didático Desterro Ltda. |
| Educational content |
| Brazil |
|
|
|
|
|
SAS Sistema de Ensino Ltda. |
| Educational content |
| Brazil |
|
|
|
|
|
Arco Ventures S.A. |
| Educational content |
| Brazil |
|
|
|
|
|
SAS Livrarias Ltda. |
| Educational content |
| Brazil |
|
|
|
|
|
SAE Digital S.A. |
| Educational content |
| Brazil |
|
|
|
|
|
International School Serviços de Ensino, Treinamento e Editoração, Franqueadora S.A. |
| Educational content |
| Brazil |
|
|
|
|
|
Nave à Vela Editora e Comercializadora de Materiais Educacionais S.A. |
| Educational content |
| Brazil |
|
|
|
|
|
EEM Licenciamento de Programas Educacionais Ltda. |
| Educational technology |
| Brazil |
|
|
|
|
|
NLP Soluções Educacionais Ltda. |
| Educational content |
| Brazil |
|
|
|
|
|
WPensar S.A. |
| Educational technology |
| Brazil |
|
|
|
|
|
Geekie Desenvolvimento de Softwares S.A. |
| Educational technology |
| Brazil |
|
|
|
|
|
Studos Software Ltda. |
| Educational technology |
| Brazil |
|
|
|
|
|
Escola de Inteligência Cursos Educacionais S.A. |
| Educational content |
| Brazil |