The round was led by Fuze, a prominent player in funding Francophone African startups.
The company’s platform allows students to find tutors for a variety of subjects, including math, science, languages, and more.
Smartprof’s platform also provides students with access to learning resources, such as practice problems and study guides.
The funding will be used to expand Smartprof’s operations in Morocco and to grow its team.
The funding for Smartprof is a sign of the growing interest in Edtech in Africa.
The continent is home to a young and growing population, and there is a growing demand for quality education. Edtech has the potential to help African students access high-quality education, regardless of their location or socioeconomic status.
Smartprof’s latest round of investment is expected to help the startup make a significant impact on the education sector in Morocco and help African students achieve their educational goals.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Heading for Change, a donor-advised fund committed to driving climate solutions with women as key agents of change, has announced plans to invest in two transformative climate-focused initiatives targeting emerging markets in Africa.
Egyptian online auto parts marketplace Mtor has secured $2.8 million in pre-seed funding, led by venture capital firm Algebra Ventures, with participation from notable investors, including Dutch Founders Fund (DFF), Aditum Ventures, LoftyInc Capital Management, and several prominent local and global angel investors.
AfricInvest, a prominent pan-African investment platform, has successfully closed its Transform Health Fund (THF) at $111 million, surpassing its original target.
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