Original disclosure @ IFC website
Updated in EWS Apr 6, 2021
Disclosed by Bank Jan 26, 2021
Can you contribute information about this project?
Contact the EWS Team
The proposed transaction is an investment of up to US $15M in a parallel fund vehicle (“Parallel Fund”) which will invest alongside Learn Capital Venture Partners IV, L.P. (“the Main Fund”). Founded in 2008, Learn Capital LLC (“Learn”) is a venture capital fund manager headquartered in Silicon Valley, focusing exclusively on Education Technology (EdTech) investments.
The IFC has given this project a risk category of FI-3 (financial intermediary).
- Increased availability of capital for technology-driven start-ups engaged in education and skills development in emerging markets: IFC expects that the Parallel Fund will increase investment available to education and skills-focused start-up companies across emerging markets, including geographies with limited access to venture capital.
- Improved access to efficient training, upskilling and employability-related education services for populations across emerging markets: By investing in companies providing scalable, accessible and low-cost learning solutions, IFC expects to support learners in emerging markets to achieve higher levels of education and develop digital and other employment-related skills so as to participate more effectively in the workforce.
- Increased competitiveness of key markets through innovative market-creating solutions: IFC expects the Parallel Fund will support start-up companies that enhance the efficiency of traditional education models and also companies that leverage new technologies to create innovative services and delivery channels currently unavailable to emerging market populations.
LEARN CAPITAL VENTURE PARTNERS IV, L.P.
Vanessa Rutstein / firstname.lastname@example.org
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org