Morocco: Azur Innovation Fund in edtech deal

Morocco-based edtech startup Koolskools has secured a $960,000 (MAD10 million) investment from the Azur Innovation Fund. The fund is a public-private seed fund that aims to provide equity and quasi-equity financing to innovative startups in Morocco.

Koolskools is a collaborative educational platform that responds to pedagogical problems with the digitisation of various processes (interactive courses and exercises, content bank, live courses, monitoring of skills, and remediation process).

The educational platform also offers to digitalise the management of school life (student files, absences, report cards, and payment management).

This fundraise will allow Koolskools to consolidate its presence on a national scale and to start its international expansion by acquiring human, technical and marketing resources. Koolskools also has the ambition to democratise access to quality educational content and close monitoring of a larger number of students, regardless of their social level.