Fidu, the operating system for Latin American schools, today announced it raised $5M USD funding from Lightspeed Venture Partners, NFX, and regional unicorn founders including Felipe Villamarin and Andres Bilbao (Rappi), Matias Woloski (Auth0), Roby Souviron (Despegar) and Fabian Gomez (Frubana) as well as Imaginable Futures and Broom Ventures. Fidu will use the funding to continue scaling its platform to help schools automate all major processes including payments, communications, cost management, and learning management through custom apps and interfaces for administrators and parents.Today much of school administration in Latin America is still offline, despite high digital usage. School administrators need to handle payment, multiple vendors, payroll and communication with families among many other tasks; all that before even getting close to working with students, which is what they really signed up for. In fact, administrators and principals in Latin America spend 75% of their time dealing with operational tasks, while over 60% of parents and teachers say they are dissatisfied with school management.Fidu\x92s Solution: An Operating System to Automate Finances and ManagementFounded by Nicol\xe1s Gim\xe9nez, Caterina Carre\xf1o and Ariel Manduca, Fidu automates all major processes for schools spanning from finances to management of classrooms. \x93By providing digital solutions that improve the management of all aspects of academic processes, we believe Fidu\x92s technology has the potential to transform schools in Latin America, and we have been continually impressed by the team\x92s tenacity, presence, resilience, and impact focus.\x94\x93We are very pleased with the support and trust we have received from some of the best investors in the region,\x94 said Nicol\xe1s Gim\xe9nez, CEO and co-founder of Fidu.