Educapital seeks to raise $ 160 million for edtech and future work – TechCrunch

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VK firm Education capital recently announced that it has achieved the first closure of its second fund. The team has already received $ 105 million (€ 100 million) and now wants to reach $ 160 million (€ 150 million) to invest in edtech startups as well as in companies working on future work.

I caught up Marie-Christine Leveone of the firm ‘s two co – founders Liti Maarekso she can tell me about Educapital’s investment dissertation and goals with this second fund.

“We set up the firm four years ago. We were the first European edtech foundation. In four years we have invested in 20 companies, mostly in Europe. We have a wide range of investments from early childhood to vocational training, ”Marie-Christine Levet told me.

Some companies include in the portfolio of the first fund of the firm 360Training, Labster, Preliminarily, LiveMentor, Simondia and PowerZ.

So far Educapital has created two outlets (Lalila and AppScho), and many portfolio companies have attracted subsequent investments. About 40% of Educapital’s portfolio companies were founded or co-founded by women.

“The Covid crisis has become a catalyst – history has accelerated. We have saved 5 to 10 years, ”Levet said.

With the help of the second Educapital fund, the team wanted to raise 100 million euros. But it was pretty easy as they achieved this goal with the first closure of the fund. Now Educapital wants to reach the fund’s limit of 150 million euros.

“We believe that complete changes have taken place. It is more difficult than ever to draw the line between work, school and training, ”Levet said.

Educapital wants to invest in 20 more companies. A typical round of Educapital ranges from 3 million euros to 10 million euros, most likely in the A series stage. Three companies have already raised from the second Educapital fund – Chance, Fourth Arr and Invivox.

As for limited liability partners, many of Educapital’s existing founders have decided to invest in a second fund. Among the investors are Hachette Livre, Bayard, Education for the Many, etc. Among the new investors are Éditions Francis Lefebvre, Jacobs Foundation, UMR, BNP Paribas Innovation, Arkea, Matmut and others.

In my discussion, Marie-Christine Levet also insisted that Educapital is not exclusively an edtech foundation – despite the name. Now the company also wants to invest in startups “future work”.

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