Moroccan edtech startup secures over $400 000 in funding

KoolSkools has raised over $416 000 (MAD 4-million) in funding securing over $312 000 (MAD 3-million) from Marco Numeric Fund II and over $104 000 (MAD 1-million) from an undisclosed angel investor.

This is a pivotal investment that will aid the edtech startup to further its offering both internationally and in Morocco. Furthermore, it will enable KoolSkools to access technical, marketing and commercial resources to serve a larger network of schools and students. The additional funding will assist KoolSkool to help schools go digital.

A collaborative learning platform

Developed by Ed-All company, KoolSkools employs the use of technology to digitise the process of teaching in the theory and practice of learning. This means the implementation and creation of interactive courses and exercises, content bank, live courses, monitoring of skills acquisition, remediation processes and more.

As a relatively new startup founded earlier this year KoolSkools has created a platform that offers a range of services and tools for schools. Offering a ‘360’ approach, KoolSkools not only develops interactive courses but the platform also offers digital management tools for a school’s daily operations including student records, report cards, payment management and more.

Aiming to provide equal access to quality learning content and close monitoring for a large number of Moroccan students, KoolSkools believes that education should be available to all regardless of their social status or level.

In an official press statement, the edtech startup claims to have more than 30 schools, 20 000 students, and over 700 teachers across Morocco utilising their platform. KoolSkools hopes to reach at least 100 000 students within two to three years, expanding the users of their platform.

Dounia Boumehdi, Managing Director of MITC Capital, the management company of Maroc Numeric Fund II comments on the importance of digitising education and the role KoolSkools aims to have in this process.

“The fund management team is proud to support Kool Skools project, which is intended to be a complete technological platform for schools, and whose positioning has been fully confirmed during the Covid-19 crisis,” said Boumehdi.

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Featured image: KoolSkools, (Supplied)