VC company education capital We recently announced that we have reached the first close of our second fund. The team has already secured $105 million (€100 million) and currently wants to reach $160 million (€150 million) to invest in edtech startups and companies working for the future.
“We started the company four years ago. We were the first European edtech fund. For 4 years, we have invested in 20 companies, mainly in Europe. We have a broad investment spectrum, from infancy to vocational training,” said Marie-Christine Levet.
So far, Educapital has two exits (lalilo And app show), many portfolio companies have attracted follow-up investments. About 40% of Educapital’s portfolio companies were founded or co-founded by women.
“The Covid crisis was the catalyst. History accelerated. It saved us five to ten years,” said Levet.
With Educapital’s second fundraiser, the team wanted to raise 100 million euros. However, it is very easy as we have achieved our goal with the first closure of the fund. Educapital is now about to reach a funding limit of 150 million euros.
“We think there has been a complete change. It is harder than ever to draw the line between work, school and professional education,” said Levet.
Educapital wants to invest in 20 other companies. Typical edu capital rounds are between €3 million and €10 million, most of which are Series A phases. Already three companies have raised funds from Educapital’s second fund. Possibility, the fourth pastor And invivox.
As for limited partners, many of Educapital’s existing backers have decided to invest in a second fund. These investors include Hachette Livre, Bayard, and Education for Many. New investors include Éditions Francis Lefebvre, Jacobs Foundation, UMR, BNP Paribas Innovation, Arkea, Matmut and more.
In my discussion, Marie-Christine Levet argued that, despite its name, Educapital is not a strict educational skills fund. The company now also wants to invest in “future of work” startups.