Kezakoo, a Casablanca-based ed-tech startup specialized in tutoring, has completed its first round of financing of 2 million dirhams (US$221k) to complete and enrich the range of products that it currently offers for the benefit of all high school students in Morocco.
The investment was from investment company Witamax One, which was jointly created by the Morocco-based investment firms Southbridge A&I and AXXAM Family Office. The funding will also assist the startup to support its organizational development efforts.
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This offer, which will cover the Moroccan high school program (Arabic and international stream, French option) would be more complete and improved, with teachers and nationally recognized content, and a dedicated mobile application.
In order to remain accessible to all learners from different social strata and regions, the kezakoo.com web platform and its mobile application will remain mainly free and at the same time offer additional features at affordable prices.
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Kezakoo has set itself the goal of supporting 5 million Moroccan students each year over the next three years while partnering with renowned partners to achieve its vision.
Kezakoo’s vision is to support 100% of Moroccan students in their academic success thanks to its expertise in the field and the contribution of its various strategic partners.
Funding for ed-tech startups has become an emerging thing in Morocco. In July 2020, B2B ed-tech startup KoolSkools raised over US$416k (MAD 4 million) to enable it to move schools in Morocco and elsewhere online.
The funding came from MITC Capital’s Maroc Numeric Fund II, with participation from an angel investor.
About US$310k (MAD 3 million) of the capital came from Maroc Numeric Fund II and the rest from the undisclosed angel investor.
The funds raised will be fully invested in Morocco. They will enable the company to acquire technical, marketing, and commercial resources to serve a large network of schools and students.
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