Bcas , an EdTech platform that enables students to access higher education without financial barriers, has announced that it has closed $18.5 million (€17 million) in a funding round led by MyInvestor and Actyus (Andbank Group’s venture debt fund). The European Investment Fund (EIF) has backed the firm with guarantees for its €30 million vehicle.
This agreement aims to support the training of 7,000 students in high-demand skills for the job market, regardless of their socio-economic background. This guarantee pilot, part of the “InvestEU Skills and Education” action plan, aims to help students enter the job market by providing training in the most sought-after skills by employers.
Founded in 2021, Bcas offers a flexible financing solution for students, enabling them to cover the cost of their education. The platform’s mission is to allow talented students who lack financial means to pursue post-graduate courses and high-quality training programmes that enhance skills highly sought after by employers (such as cybersecurity, data science, AI, and more). With this model, students only have to pay something once they secure a job.
Speaking on the fundraising, Bosco González del Valle, Co-founder & CEO of Bcas, said:
This is a significant milestone for our company. Establishing our first partnership with a bank provides us with direct access to funding. All the funds will be allocated to paying educational institutions and, in turn, supporting our continued growth.
Bcas is now the leading provider of ISA funding in Spain and has provided more than 1,500 students with nearly €8 million in just two years. It is recognized as an ideal financing tool to make education an equal opportunity. The organization collaborates with over 60 educational institutions, including Ironhack, The Bridge, ISDI, ThePower, 4Geeks, UNIR, EIP, and HACK A BOSS.
Javier Ausín, Co-founder and COO of Bcas, added:
Bcas has developed a ‘scoring’ system that has enabled us to finance over 1,500 students in just two years. We are already seeing our students secure better job opportunities. The EIF and Bcas share a common vision. This is undoubtedly the most significant milestone we have achieved to date.
With this investment round, the Madrid-based startup plans to reinforce its leading position in Spain and fuel its ambitious international expansion plans. The company’s latest funding, combining debt and equity, has raised its total to €25 million.
