Educapital goals to boost a $160 million fund targeted on edtech and future of labor – TechCrunch

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VC agency Educapital just lately introduced that it has reached the primary shut of its second fund. The workforce has already secured $105 million (€100 million) and now desires to succeed in $160 million (€150 million) to spend money on edtech startups in addition to firms engaged on the way forward for work.

I caught up with Marie-Christine Levet, one of many agency’s two co-founders with Litzie Maarek, in order that she might inform me about Educapital’s funding thesis and targets with this second fund.

“We created the agency 4 years in the past. We have been the primary European edtech fund. In 4 years, we invested in 20 firms, largely in Europe. We now have a large funding spectrum from early childhood to vocational coaching,” Marie-Christine Levet informed me.

Some firms within the portfolio of the agency’s first fund embody 360Learning, Labster, Preply, LiveMentor, Simundia and PowerZ.

To this point, Educapital has generated two exits (Lalilo and AppScho), and loads of the portfolio firms have raised follow-on investments. Round 40% of Educapital’s portfolio firms have been based or co-founded by a lady.

“The Covid disaster has been a catalyst — historical past has accelerated. We’ve saved 5 to 10 years,” Levet stated.

With Educapital’s second fund, the workforce needed to boost €100 million. Nevertheless it’s been fairly straightforward as they reached that objective with the primary closing of the fund. Educapital now desires to succeed in the fund cap at €150 million.

“We expect there was a whole change. It’s tougher than ever to attract a line between work, college {and professional} coaching,” Levet stated.

Educapital desires to spend money on one other 20 firms. A typical Educapital spherical is something between €3 million and €10 million, most definitely on the Sequence A stage. Three firms have raised from Educapital’s second fund already — Probability, Fourth Rev and Invivox.

Relating to restricted companions, lots of Educapital’s present backers determined to spend money on the second fund. These buyers embody Hachette Livre, Bayard, Schooling for the Many, and many others. New buyers embody Éditions Francis Lefebvre, the Jacobs Basis, UMR, BNP Paribas Innovation, Arkea, Matmut and others.

In my dialogue, Marie-Christine Levet additionally insisted that Educapital isn’t a strictly edtech fund — regardless of the title. The agency now additionally desires to spend money on “future of labor” startups.


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