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Educapital

France · Invests in Europe · Website

Check size

$2M-$8M

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Thesis

We invest in innovative European companies that will scale to become global category leaders. Our focus is on companies solving education and work challenges through technology and human capital investment. We believe the best outcomes come from mission-driven entrepreneurs building sustainable solutions.

Likely not a fit for

We do not invest in companies without clear social impact mission, non-European founders (with limited European market traction), companies targeting consumer entertainment over education, or late-stage companies without proven product-market fit.

How they invest

Lead or follow
Usually leads
Typical decision
~1 month
Warm intro
Not required
Involvement
Takes a board seat
Fund status
Actively deploying
Assets under mgmt
$200M
Decision process
Partnership vote

Partners & team

8 contacts on file

ML

Marie-Christine Levet

Founding Partner · Primary contact

LM

Litzie Maarek

Founding Partner

GF

Géraldine Fillet

Senior Associate

JD

Jonathan Denais

Investment Director

AG

Alexandre Glaser

Investment Director

ML

Maxime Lacoume

General Secretary & CFO

AP

Alexis Pavy

Associate

EV

Elie Vacqué

Junior Financial Controller

Portfolio

360LearningEdtech

360Learning is an AI-powered Learning Management System (LMS) that focuses on collaborative learning and provides modern user experience and learning analytics.

LaliloEdtech

Lalilo is an online tool for K, 1st and 2nd grade teachers and students, providing personalized exercises in phonics, word recognition, and comprehension. It is designed for both in-school and distance learning environments.

LuniiMedia Entertainment

Lunii offers interactive audio storytelling devices for children aged 3-12, allowing them to create their own stories and engage with audiobooks in a screen-free environment.

LabsterEdtech

Labster provides virtual labs for universities and high schools, offering immersive science lab simulations that enhance STEM education.

PreplyEdtech

Preply is an online platform that connects learners with expert language tutors for personalized 1-on-1 lessons, enhancing the learning experience through human interaction and AI support.

PowerZEdtech

PowerZ is a multiplayer online role-playing game that focuses on learning through play, designed for children. It includes various educational mini-games covering subjects like mathematics, allowing kids to learn while having fun.

FourthRevEdtech

FourthRev offers challenging online programmes co-designed with top universities and industry leaders to fast-track career progression in digital fields.

KnowunityEdtech

Knowunity is an AI-powered educational platform that offers a variety of learning tools including flashcards, quizzes, and exam preparation resources across multiple subjects.

Female InvestFintech Payments

Female Invest is the #1 Money App for Women, focusing on empowering women through financial education and investment tools.

Buddy.aiEnterprise Software

Buddy.ai is the world’s first AI tutor designed for children under 12, providing affordable, high-quality 1-on-1 instruction through an interactive, voice-based character named Buddy the Robot. The platform features unique gameplay and educational content developed by experts, making it a popular choice for language learning among kids, with 20 million downloads in the past year.

NolejEdtech

Nolej transforms content into engaging learning experiences through quizzes, games, interactive videos, and chatbots, enabling users to create courses quickly and efficiently.

LepayaHr Tech Work

Lepaya is a blended training platform focused on building workforce resilience and psychological safety, particularly in the context of AI-driven environments. It offers various solutions for skills gap analysis, blended training, and employee development.

Recent activity

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Research briefRead more
Educapital Research Document Executive Summary Educapital is Europe's largest EdTech and Future of Work venture capital fund, managing approximately €200M in assets under management. Founded in 2017 by Marie-Christine Levet and Litzie Maarek as the first independent European venture fund dedicated to educational technology, the firm operates as a regulated impact fund with a dual focus on financial returns and measurable social impact. Investment Thesis Educapital invests in innovative European companies with high potential to scale and become global category leaders, founded by mission-driven entrepreneurs with strong leadership and vision. The fund explicitly focuses on companies with strong impact missions that participate in building a sustainable society at scale. The fund's core belief is that investment in human capital is key to better prepare current and future generations for the challenges of the 21st century . They focus on two primary areas: Education (Future of Education) Technology enabling pedagogy to scale and improve learning outcomes Digital tools for schools to provide high-quality, personalized content at scale Online curriculum and alternative models of education Continuous learning platforms for lifelong skill development AI-enabled assessment and grading solutions Tutoring, language learning, and specialized educational services Work (Future of Work) Workforce development and upskilling/reskilling solutions Recruitment and career pathway innovation Employee engagement and retention technologies Productivity and well-being platforms Skills assessment and competency detection tools Corporate training and continuous learning Stage and Check Size Stage Focus: Late Seed to Series B (€10M maximum investment) Check Size Range: Minimum: €2,000,000 Maximum: €8,000,000 Typical range: €2M-€10M per investment The fund invests from late seed through Series B, providing growth capital while maintaining its focus on sustainable, impact-driven companies. Fund Status and Recent Activity Fund Information: Fund I: Closed 2017, deployed in 20+ companies Fund II: Closed May 2023 at €150M hard cap (successfully closed) Current Status: Actively deploying from Fund II Recent Investments (2025-2026): January 2026: Edailabs (conversational language learning) December 2025: Edailabs €5M Series A November 2025: MuchBetter.ai (AI writing assistant) October 2025: MyEdSpace €15M fundraise September 2025: Edflex €18M fundraise September 2025: Vocal Image €3.5M (AI communication coach) June 2025: Knowunity €27M Series B Multiple portfolio companies actively fundraising and growing The fund shows strong, consistent deployment activity with multiple follow-on investments in existing portfolio companies. Portfolio Overview Educapital has invested in 33+ companies across EdTech and Future of Work sectors. Notable portfolio companies include: Notable Companies: 360Learning (Collaborative LMS) Lalilo (Adaptive learning platform, exited) Lunii (Screen-free storyteller) Labster (Immersive science learning) Preply (Language tutoring marketplace) PowerZ (Code learning bootcamp) FourthRev (Immersive training for events) Knowunity (AI tutor for students) MyEdSpace (Online tutoring) Vocal Image (AI communication coach) Female Invest (Financial education) Buddy.ai (AI language tutor for children) Edflex (Content curation platform) Nolej (Conversational AI for learning) Lepaya (B2B upskilling platform) Makers (Code learning) MerciApp (AI-powered writing assistant) Simundia (Immersive training) EvidenceB (AI-enabled assessment) Chance (Online career guidance) Cyberguru (Cybersecurity awareness training) And 11+ additional portfolio companies in various stages Team Founding Partners: Marie-Christine Levet and Litzie Maarek founded Educapital in 2017 as the first independent European venture capital firm dedicated to EdTech. Marie-Christine is a French internet pioneer with 23 years in technology and previous entrepreneurial exits. Litzie brings 14 years of private equity and venture capital experience. Investment Team: The firm has a dedicated investment team including Investment Directors Jonathan Denais and Alexandre Glaser, Senior Associate Géraldine Fillet, Associate Alexis Pavy, and CFO Maxime Lacoume. Impact Framework Educapital is a regulated impact fund with impact as its raison d'être . They believe social impact and financial returns are intimately correlated in a virtuous dynamic. The firm follows Global Impact Investing Network (GIIN) principles and tracks three key Impact Performance Indicators: Reach (educating the greatest number), Inclusion (fighting discrimination), and Outcome (improving learning efficacy). Impact Credentials: B Corp certified First independent VC firm founded by two women Active in fostering diversity in tech Member of sustainable investment networks Decision Process and Involvement Educapital operates as a partnership-based decision model with multiple investment directors reviewing opportunities. The firm takes board seats or observer positions in investments and provides active portfolio support through industry expertise and networks. Partners maintain long-term relationships with founders. Geographic Focus Primary: Europe, with emphasis on France and Western European countries Secondary: Selective international investments through portfolio companies with global reach Sector and Model Focus Sectors: EdTech (K-12, higher ed, tutoring, language learning, assessment) Future of Work (upskilling, employee engagement, recruitment, corporate training) Themes: AI-enabled learning and assessment Inclusive education and career development Sustainable workforce transformation Remote and hybrid work technologies Cultural Traits Mission-driven with commitment to social impact European champions builder Long-term partner mentality Thought leadership and research-focused Diverse and inclusive Notable Exits and Performance Lalilo: Acquired (successful exit) Multiple unicorns in portfolio (through co-invested funds) Consistent follow-on investment showing founder satisfaction High visibility in EdTech and Future of Work sectors Recent Press and Recognition 2025: Marie-Christine Levet selected for Forbes 50 over 50 Regular media appearances in Les Echos, Le Figaro, La Tribune Quarterly market insights and white papers on AI in education Active Medium blog (e-d-volution) with investor perspectives Key Insights Educapital represents a sophisticated, impact-driven institutional investor with: Deep expertise in both education and HR/workforce sectors Consistent funding and follow-on investment activity Strong founder relationships and portfolio company support European focus without isolationism Clear impact framework beyond financial returns Experienced leadership team with complementary expertise

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