KoolSkools raises MAD 4 million
Source: Maroc Numric Fund
KoolSkools is raising MAD 4 million, including MAD 3 million from Maroc Numeric Fund II and MAD 1 million from a business angel.
Koolskools welcomes MNF II as an investor. MNF II is an investment fund backed by some major Moroccan institutions (Caisse Centrale de Garantie, Attijariwafa Bank, BCP, BMCE and MITC). The investment will be used to finance the development of KoolSkools both in Morocco and internationally.
A full learning platform
Developed by Ed-All company, KoolSkools is a collaborative learning platform that responds to pedagogical requirements by digitalizing different processes (interactive courses and exercises, content bank, live courses, monitoring of skills acquisition, remediation processes, etc.
The platform also offers digital management of school day-to-day operations (student records, absences, report cards, payment management, parent communication, etc.).
The platform aims to democratize access to quality learning content and close monitoring for the largest number of Moroccan students regardless of their social level.
The funds raised will be fully invested in Morocco. They will enable the company to acquire technical, marketing and commercial resources to serve a large network of schools and students.
With currently more than 30 major schools corresponding to nearly 20,000 students and more than 700 teachers across the various cities of Morocco (Ouarzazate, Agadir, Marrakech, El Jadida, Casablanca, Rabat, Fez, Meknes …), Koolskools aims to cover all regions of Morocco and accompany the digitalization of the largest number of schools and reach at least 100,000 students in two to three years.