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.
Africa-focused private equity firm Admaius Capital Partners (“Admaius”) has announced a majority equity investment in TRES Infrastructure Limited (“TRES”), the sole Rwandan company licensed to own, operate, and develop shared telecommunications infrastructure.
Arnergy, a Nigerian cleantech startup specializing in distributed renewable energy solutions, has raised $3 million in a bridge round led by All On, an off-grid energy impact investment company supported by Shell.
Egypt-based logistics platform Nowlun has raised $1.7 million in a seed funding round led by Nama Ventures and A15, with additional contributions from Sanabil 500 Global and prominent angel investors.
© 2021 Empower Africa. All rights reserved.