Edtech KoolSkools Raises Over $400,000 to Digitalise Schools in Morocco
With the negative impact of Covis-19 on education, a Casablanca-based edtech startup, KoolSkools has raised over $416,000 from MITC Capital’s Maroc Numeric Fund II and an angel investor to fill the gap created by lack of access to ICT and digitalization of education in the country. The Moroccan startup announced in a statement today that about $310,000 of the capital came from Maroc Numeric Fund II and the rest from the undisclosed angel investor. It is the second investment by Maroc Numeric Fund II in less than a week. They had announced their $400,000 investment in Moroccan fintech OnePay today.
Founded earlier this year, KoolSkools is an online learning platform that enables schools to digitalize their courses and exercises, create a content bank, and deliver live courses. The platform also enables schools to manage their operations including student records, attendance, report cards, communication with parents, and payments. The startup claims to have 30 schools with close to 20,000 students and over 700 teachers using its platform in different cities of Morocco including Casablanca, Rabat, Marrakech, Fez, & Agadir. KoolSkools aims to cover the entire country and help schools all over Morocco go digital. It wants to reach at least 100,000 students in 2-3 years.
The statement explained that KoolSkool will invest the entire capital in Morocco – primarily to acquire tech, marketing, and commercial talent for serving a large network of schools and students. Dounia Boumehdi, Managing Director of MITC Capital, explaining that Covid-19 has reinforced how important edtech platforms will be for education, said, “We are proud to support KoolSkools in its mission to become a complete tech platform for schools.”
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry