Bcas funding news – Madrid-based Bcas Secures €17 Million in Funding

The funds will support Bcas's aspirational worldwide expansion goals and strengthen its dominant position in Spain. With the addition of this €17 million, Bcas has now raised a total of €25 million from debt and equity.

It has been supported by guarantees from the European Investment Fund (EIF) for its €30 million vehicle. Regardless of their socioeconomic status, this agreement seeks to support the training of 7,000 students in highly sought-after skills for the labour market.

Read also - Packwise funding news – IoT Startup Packwise Raises an Undisclosed Seven-Figure Amount of Funding

Due to financial limitations, many of students are unable to attend top-notch universities, which creates disparities in employment chances. With more than 1,500 students receiving over €8 million in financing from Bcas in just two years, the organisation has established itself as a pioneer in ISA finance in both Spain and throughout Europe.

Javier Ausín, co-founder and COO of Bcas said, “It 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 securing better job opportunities. The EIF and Bcas share a common vision. This is, undoubtedly, the most significant milestone we have achieved to date,”.

About Bcas

Bcas was established in 2021 and provides students with a flexible financing option to help them pay for their education. Encouraging students without financial means to undertake postgraduate courses and excellent training programmes that advance highly sought-after skills (including cybersecurity, data science, AI, and more) is the aim. Under this arrangement, students pay nothing until they land a job.