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Sector: Education-Tech Region: Kenya, Uganda, India, Nigeria Domicile: USA

Bridge International Academies

Company Overview

Bridge International Academies (BIA) is the world’s largest chain of private nursery and primary schools offering high-quality education at an affordable price across Africa & Emerging Markets.

They are currently in Kenya, Uganda, India and Nigeria.

Market Opportunity

Low income families, who live on less than $2 per person per day, spend c.$64 billion on educating their 800 million school-aged children privately.

However they generally receive a less than adequate level of education from their local schools.

Market Strategy

Bridge Academy’s vertically integrated "Academy-in-a-Box" approach has reengineered the entire lifecycle of basic education.

It has applied technology and innovation to leveraging data, mobile and online technology, and scale in order to maintain high quality standards of its curriculum.

It charges fees of $5 a month on average.

BIA aims to deliver a world class education to underserved parts of Emerging Markets and put high quality education within reach of 10 million students across a dozen countries by 2025.


PSonar

Investment Highlights

Scale: The largest private chain of nursery and primary schools globally: 400+ schools today with 100,000+ students enrolled
Business Model: Completely vertically integrated, including real estate, construction, printing, and teacher training
Ed-tech: Data-driven tech business, that utilises smart phones and tablets to deliver high-impact classes
Success: Students and teachers consistently outperform comparative schools, learning at twice the rate of the national average
Pedigree: Experienced founders and management, with Jay Kimmelman having founded and sold a leading USA educational software company
Investors: Equity investors include Bill Gates, Zuckerberg Education Ventures, Khosla Ventures and Omidyar Networks

BIA is the world’s largest chain of private nursery & primary schools providing high-quality, affordable education to families earning less than $2 a day. Bill Gates & Mark Zuckerberg are investors.

Follow This Deal

EIS:

No


Debt/Equity:

Equity


Amount:

$50,000,000


Anchor investor:

Novastar, Omidyar Network, Khosla, Bill Gates & Mark Zuckerberg


Expected timing:

Closed

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www.bridgeinternationalacademies.com

Financial forecast are provided by the Directors of the company and cannot be relied on or guaranteed

Company information has been provided by the company itself and not independently verified by Movement Capital