Frankfurt (Germany) and Paris (France), December 2021. GreenTec Capital is very pleased to announce our co-investment in LAFAAAC (The Franco-Anglophone Academy of Arts and Culture) with INCO Ventures through it’s vehicle Abeille Impact Investing France. LAFAAAC is an edutech platform focused on creative professionals specializing in cinema, audio visual, fashion, music, and publishing, and more generally all aspects of the cultural and creative industries. In addition to funding from INCO Ventures, LAFAAAC will receive GreenTec Venture Building support focused on digital marketing, IT, and organizational support.
LAFAAAC is a training Platform for professionals working in the creative and cultural industries. The platform began operations in 2019 offering innovative training courses for creative professionals, focusing on empowerment and entrepreneurship. The platform leverages on its blended learning approach to address issues of access to quality education for Africans. The platform offers a range of courses for developing technical proficiencies as well as topics of entrepreneurship and business management in addition to hard and soft skills aimed designed for creative professionals.
Currently, LAFAAAC offers more than 100 training courses in 6 subject areas (Audiovisual and Cinema, Music, Fashion, Radio and Book Editing), and is working with more than 20 operational partners and schools in both Europe and Africa. The platform is active in France and on the whole African Continent but currently targets more specifically Benin, Cote d’Ivoire, Ghana, Nigeria and Senegal. It plans to expand into Anglophone markets beyond Nigeria with the launch of an enhanced version of the platform in February 2022. The current platform is available on a freemium model, and offers 10 hours of free content that can be downloaded to a mobile device that also works offline to be accessible without internet.
The platform’s offerings will be expanded in 2022 to offer a range of new services including a job and CV support service, collaborative and chat spaces, Virtual Classes, as well as an expanded course library and offers aiming to further empower the continent’s aspiring creative professionals.