What is UNICAF?
UNICAF is an innovative educational platform dedicated to making internationally recognized degrees accessible and affordable worldwide. Through a robust scholarship program, the company supports over 80,000 students across online and on-campus learning environments. By partnering with reputable universities, UNICAF facilitates a diverse range of degree programs and professional courses, complemented by extensive student support services. This commitment to educational accessibility positions UNICAF as a key player in global higher education.
How much funding has UNICAF raised?
UNICAF has raised a total of $48.2M across 3 funding rounds:
Series A
$8.2M
Private Equity
$12M
Series B
$28M
Series A (2016): $8.2M with participation from CDC
Private Equity (2017): $12M led by Savannah, CDC Group plc, and University Ventures
Series B (2018): $28M, investors not publicly disclosed
Key Investors in UNICAF
Savannah
Savannah Fund is a venture capital firm specializing in early-stage, high-growth technology startups across sub-Saharan Africa, providing seed capital and mentorship to help companies scale.
CDC Group plc
CDC Group plc is a development finance institution that invests in businesses across Africa and South Asia to foster economic growth and create employment opportunities.
University Ventures
University Ventures was an investment firm focused on innovating higher education, aiming to make learning more affordable and accessible for students and employers.
What's next for UNICAF?
The recent major strategic investment in UNICAF signals a strong confidence in its model for expanding educational access. This capital infusion is expected to fuel further development of its scholarship programs, enhance its technological infrastructure for online and blended learning, and potentially broaden its university partnerships. UNICAF's focus on affordability and quality in higher education positions it for continued expansion and impact in diverse global markets.
See full UNICAF company page
