The SEAF Morocco Growth Fund (SMGF), an investment fund that invests in high-growth, innovative companies based in Morocco, has made its second investment in eDukaty.  

Meriem Zairi, MD of Seaf Morocco Growth Fund, said: “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.”

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 four 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.

eDukaty was launched 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. 

“eDukaty is the tool to democratize academic excellence,” said Othmane Akherraz, co-founder of eDukaty. 

SMGF closed its first financing round at the end of 2017 with 180m MAD (approximately $18m) to invest in equity and quasi-equity. 

The fund is part of the Innov Invest program managed by the Moroccan Caisse Centrale de Garantie (CCG) and financed by the World Bank to promote entrepreneurship and inclusive economic growth in Morocco. 

The Morocco Growth Fund now holds two portfolio companies. 

The first investment is in 3Dental, a Moroccan HealthTech, specializing in digital dentistry surgical solutions.

SMGF is managed by SEAF Morocco Capital Partners, a management company approved by the Moroccan Market Authority (AMMC).  

It is the Moroccan subsidiary of SEAF, a global fund management group headquartered in Washington, DC that invests in emerging markets and small and medium-sized enterprises (SMEs) in emerging and frontier markets.