The educational technology sector in Africa is booming, driven by a growing youth population and rising education spending. By 2030, education spending is expected to triple to 740 billion USD, and investment in educational technology could reach 57 billion USD. Key trends such as mobile solutions, AI-powered learning, and multilingual content are shaping the future of education on the continent.
A project in EdTech? Capmad presents the top 5 investors in this sector in Africa.
EdVentures
EdVentures, the venture capital arm of the Nahdet Misr Group, focuses on the educational technology sector in Africa, particularly in key markets in the MENA region. Since its inception in 2017, EdVentures has supported over 95 startups and directly invested in 24 of them as of February 2025. This track record demonstrates its targeted approach to financing and supporting EdTech startups.
Their strategy combines financial investment with incubation support. They primarily support startups valued at around 1 million USD, targeting solutions that bring tangible improvements to the education sector.
In 2024, EdVentures further expanded its portfolio by investing in eight new Egyptian EdTech startups, including:
- Elkheta: A tutoring platform
- Saikoro: A digital educational content provider
- InvestED: An educational fundraising solution
These investments underscore EdVentures’ commitment to addressing critical education challenges in Africa.
Ingressive Capital
Ingressive Capital, based in Lagos, is a venture capital firm specializing in seed-stage startups and managing a USD 50 million fund. It typically invests between USD 50,000 and 500,000 USD in exchange for approximately 10% equity in pre-seed and seed-stage startups.
Its goal is to support technology startups that address local challenges while also having the potential for international growth. In the edtech sector, this means supporting platforms that leverage Africa’s burgeoning digital economy.
Ingressive Capital doesn’t just provide financing. It offers hands-on support, including strategic advice, mentoring, access to industry experts, client connections, and institutional partnership opportunities.
Ventures Platform
Ventures Platform (VP) is a discovery fund that invests in early-stage African startups, particularly with a focus on EdTech solutions that address infrastructure gaps and barriers to access to education.
VP uses a data-driven approach to evaluate opportunities. Each month, the firm reviews 150 to 350 deals, carefully analyzes 4 to 10, and ultimately invests in approximately one company. This process allows it to support the most promising EdTech projects.
Their investment criteria include:
- Market Impact: Solutions that make education more accessible.
- Infrastructure Development: Platforms to address fundamental gaps in education.
- Scalability: Companies with the potential to grow and reach larger markets.
- Innovation: Technologies that break down barriers to education.
This strong support underscores the VP’s role in reshaping African EdTech and promoting progress in the education sector on the continent.
TLcom Capital
Managing over 300 million USD in assets, TLcom Capital supports African EdTech companies by providing financing and hands-on support. This approach positions the firm as an active partner for startups addressing local educational challenges.
TLcom focuses on early-stage and growth-stage companies, typically investing between 1 million and 3 million USD in initial fundraising rounds. In addition to financing, it provides strategic, operational, and financial support.
TLcom’s TIDE Africa Fund aims to support companies leveraging mobile technology to address Africa’s unique challenges. It prioritizes entrepreneurs who:
- Understand local educational needs
- Offer solutions adapted to African contexts
- Demonstrate rapid growth potential
With a portfolio of 17 startups, TLcom Capital has consolidated its role as a key player in advancing education through technology in Africa.
Proparco
Proparco has established itself as a key player in the development of educational technology in Africa. By combining financial investments and long-term support, Proparco aims to strengthen the educational technology sector on the continent while fostering economic growth.
Proparco’s 2023-2027 strategy focuses on supporting startups with strong leadership, regional growth potential, and solutions that address critical skills shortages.
Since 2018, Proparco has invested in more than 200 African technology startups. Its support goes beyond financing: technical assistance, management training, consulting, and specialized financing. This global strategy has made Proparco a major player in the EdTech sector, drawing on its local expertise and market knowledge to inspire confidence in other investors.
