Enko Education, a network of international schools based in South Africa, has closed a $5.8 million Series B funding round.
Adiwale Partners led the funding round, which included the Steyn Capital family office, current institutional investors Proparco, Investisseurs et Partenaires, and Liquid Africa, as well as significant players in international education and African entrepreneurship.
Enko Education schools provide a high-quality African international education with personalized support for university admissions, the IB diploma, and an African focus. 750 million African adolescents will be of school age by 2030, and Enko Education is trying to ensure that these students have access to the greatest universities.
Enko Education seeks to help African students reach their full potential by extending access to the world’s greatest universities.
Enko Education aspires to be Africa’s leading provider of foreign education. On the continent, the group has acquired a solid experience in the establishment and running of schools. “Enko Education has become the first network of schools on the African continent to offer the International Baccalaureate program,” says Eric Pignot, the company’s founder and CEO. “Today, we can construct, take over, and operate schools with national or international programs on behalf of a wide range of investors, including real estate developers, NGOs, and individuals.”
The new funds will be used to increase the number of students in the network, with the goal of reaching 10,000 by 2025.
Read more on Tech Gist Africa:
LifeCheq, a fintech startup in South Africa, has raised $2.5 million from Naspers Foundry
CloudFret, a Moroccan logistics startup, has raised $1 million in funding
