Creadev, and Imaginable Futures support SPARK Schools in its mission to revolutionize Africa K-12 education
Summary
Embarking in 2021, the team is fully geared towards accelerating on its mission to unlock access to high quality education in Africa.To this end, SPARK Schools announced today the closing of its Series C to support the companys next phase of growth. If you want to go far, go together we look forward to walking this journey together with Creadev, Finnfund and Imaginable Futures, ensuring that SPARK Schools grows from strength to strength and provides better opportunities to the communities that we serve in South Africa and beyond.Eero Pekkanen, Finnfund: We are continuously looking for investment opportunities in the education sector: companies that have a proven track record, a scalable business model and potential to make a great impact. We believe that SPARK is a pioneer in its field and can reinvent the K-12 education system in South Africa and beyond through its innovate tech-enabled model and focus on empowering students to perform at their best. In the time of COVID-19 outbreak, we are excited to support SPARK through the pandemic and start looking ahead at an ambitious and impactful expansion plan.Pierre Fauvet & Sarah Ngamau, Creadev Africa: Stacey and her team have developed a highly innovative and scalable model, relying on blended learning to optimize the cost to educate and solve the pressing issue of teacher scarcity in Sub-Saharan Africa. Together with like-minded co-investors Finnfund and Imaginable Future, we are thrilled to support SPARKs mission to provide access to such an essential service to the many, and shape tomorrows world.