EDUCAPITAL, an investment group based in France, has launched a €45 million fund (approximately US $53 million) for K-12 and corporate education companies. Led by a female duo—Marie-Christine Levet and Litzie Maarek— the fund aims to invest in 15 European and Israeli edtech companies. The team claims to be “modeled similarly to successful US funds Learn Capital and Rethink Education,” according to the announcement. Backers for Educapital include French investment bank Bpifrance, the publisher Hachette Livre, and Education for the Many, the education investment arm of the Leclercq family (best known for its sports retail chain, Decathlon).
French investment group Educapital has launched a €45m ($53m) fund aimed at investing in K-12 European and Israeli K12 corporate edtech companies. Educapital's leaders, Marie-Christine Levet and Litzie Maarek, said the fund would be modelled on US equivalents Learn Capital and Rethink Education.