Home Spark Schools (eAdvance Proprietary Limited) Spark Schools (eAdvance Proprietary Limited) In brief The company provides affordable, high quality K-12 education in South Africa. Through a combination of teacher-led instruction and online learning, rotational classroom set-up, and strong emphasis on educators’ professional development, SPARK Schools provides the best standards of education at a competitive price accessible to the many. The company has grown to become the 3rd largest network of private K-12 schools in South Africa, operating 18 institutions and serving over 10,500 families from diverse social and cultural backgrounds. Main development impact South Africa is faced with a severe learning crisis. Although the nation ranks high in education spending, the learning results of its public schools are worse than in many other countries in Sub-Saharan Africa. SPARK schools are affordable to South Africa’s large lower middle-income population. The annual tuition is lowest among quality private schools. While students benefit from quality education and improved learning outcomes, South African education system benefits from improved capabilities of teachers, innovations in affordable pedagogical approaches, as well as increased provision of basic education to meet the growing demand. Investment details Name: Spark Schools (eAdvance Proprietary Limited) Project number: 80000219 Region: Africa Country: South Africa Sector: Other sector Signing date (month/year): October 2020 Currency: USD Finnfund's financing (commitment): 5,200,000 Instrument: Equity Size of the project financing: USD 16,400,000 Share of Finnfund's financing (%): 32 % Status: Active Website: https://www.sparkschools.co.za/ Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.October Read our transparency and disclosure policy More information: News Current investments Business sectors Contact us Key facts Name: Spark Schools (eAdvance Proprietary Limited) Sector: Other sector Region: Africa Country: South Africa Currency: USD Finnfund's financing (commitment): 5,200,000 Signing date (month/year): October 2020 Last update: March 2021