Educapital, the first European fund dedicated to education technology, announced that it has raised a new round of funding up to 100 million euros.
Contributors to this fund, which aims to combine financial performance and social utilities, include public investment bank BPIfrance, intervening on its own funding, the State – as part of its France 2030 strategy -, Hachette Livre , BNP Paribas Innovation or even Matmut. , as well as two foundations (Jacobs, Education for the Many).
The recent investment fund provides financial support to startups at various stages of growth, some have just germinated, others are already starting their overseas development. It also supports projects from early childhood to lifelong learning. The company's aim is to set a new threshold, 150 million euros, in place by next school year.
Founded in 2017 by internet pioneer Marie-Christine Levet and investment professional Litzie Maarek, Educapital's aim is to help European EdTech champions emerge by providing financial support, expertise, and know-how. It is an impact fund (Article 9) and has developed its own methodology to measure the impact of its companies.
Educapital has invested in 22 innovative European companies, including Lunii, 360 Learning, Labster, Makers Academy, Preply, Chance, Fourthrev.
Speaking about the company, Co-founder of Educapital, Marie-Christine Levet, said,
"Innovation provides quality education for as many people as possible. Thanks to data and artificial intelligence, this education can also be personalized. It also makes you more immersed through virtual reality and serious games. It clearly adapts to the uses of the younger generations."
The company invests from late seed to series B in companies that innovate in the education sector, from early childhood to vocational training and the future of work.
Educapital's strength is to combine financial performance and social impact. This is why the company has become the first impact fund in its sector and has developed its own methodology to measure the social impact of its investments.