Morocco – The SEAF Morocco Growth Fund (SMGF), an investment fund whose strategy is to invest in high-growth, innovative companies based in Morocco, is pleased to announce its second investment in eDukaty. eDukaty provides online courses for French-speaking students to prepare for competitive admissions exams.
eDukaty, a pioneering company in the live virtual class experience
Founded in 2014, eDukaty is a Morocco-based EdTech company offering live virtual classes to students in Morocco, France and any other country where there is interest in preparing for competitive French examinations. eDukaty has developed a “one to many” live virtual private tutoring service, allowing top teachers to deliver seamless live teaching experience to students over the internet, regardless of their location. eDukaty’s platform provides a unique user experience befitting their customer base: students and teachers benefit from the platform’s strong value proposition, which combines convenience, and accessibility, and allows for efficiency in terms of productivity, timing and personal organization.
After 4 years, eDukaty is the leader in its niche segment – prep courses for admission exams to Top French Business and Engineering Schools – with an estimated 60% market share in Morocco. During 2018, eDukaty launched its operations in France. With SEAF’s investment, the Company plans to extend its geographical footprint to French speaking countries and to expand its services to broader high-growth learning segments.
Pioneering and Mission-driven Co-founders
eDukaty was conceived by its two co-founders – Walid Daou and Othmane Akherraz – with a vision to design a better tutoring offer and experience for prep class students. Inspired by their own successful background as former “Étudiants des Grandes Ecoles” (Top French school graduates), graduating from “Ecole Polytechnique de Paris” – a leading engineering school in Europe – and a few years later as exam reviewers, the founders sought to solve the imperfections in the top school preparatory classes by developing a virtual live tutoring service by the best teachers at affordable prices.
“eDukaty is the tool to democratize academic excellence,” commented Mr. Othmane Akherraz, co-founder of eDukaty. Ms. Meriem Zairi, Managing Director of Seaf Morocco Growth Fund state, “We are very pleased to support the growth of innovative companies that are at the forefront of their industry. Beyond the growth prospects of the company, we are proud to back a project whose mission is to democratize high-level education for a greater equality of opportunities and thus participate in developing high potential human capital in Morocco and more generally.”
The Morocco Growth Fund now holds two portfolio companies. The first investment is in 3Dental, a leading Moroccan HealthTech, specializing in digital dentistry surgical solutions.