What is Unicaf?
Unicaf is an innovative educational organization dedicated to making high-quality, internationally recognized degrees accessible to a global student population. Through a robust scholarship program, Unicaf supports over 80,000 students, offering both online and on-campus learning options in partnership with reputable universities. The company's mission is to democratize higher education, providing affordable pathways to academic and professional success for a diverse range of learners worldwide. Unicaf's model leverages technology to bridge geographical and financial barriers, fostering educational equity.
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 University Ventures, Savannah, and CDC Group plc
Series B (2018): $28M, investors not publicly disclosed
Key Investors in Unicaf
University Ventures
University Ventures, active from 2011 to 2018, specialized in investing in the future of higher education, aiming to make degrees more affordable and introduce innovative learning approaches. They also assisted employers in rethinking talent discovery.
Savannah
Savannah Fund is a seed capital fund focused on early-stage, high-growth technology startups in sub-Saharan Africa, providing investments and mentorship to help them scale and connect with global markets.
CDC Group plc
CDC Group plc, established in 1948, is a financial institution that invests in businesses across Africa and South Asia to foster growth and create employment opportunities.
What's next for Unicaf?
The recent major strategic investment in Unicaf signals a pivotal phase for the company, likely enabling significant expansion of its scholarship offerings, technological infrastructure, and university partnerships. This capital infusion is expected to fuel further innovation in its online and blended learning models, potentially broadening its geographical footprint and enhancing student support services. Unicaf's trajectory suggests a continued focus on scaling its impact and solidifying its position as a leader in accessible global higher education.
See full Unicaf company page
