# The MasterCard Foundation

> The MasterCard Foundation is a VC fund backing Education and E-Learning. See 39 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Toronto, Canada
- Total investments: 39
- Last investment: Jul 2026
- Lead investor: 62%
- Fund size: $2M
- Last fund: Nov 2018
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/the-mastercard-foundation
- X (Twitter): http://twitter.com/MCFoundation
- Website: http://mastercardfdn.org
- Facebook: http://www.facebook.com/TheMasterCardFoundation

The MasterCard Foundation is an independent, global organization based in Toronto, Canada, with more than $7 billion in assets. Through collaboration with partner organizations in 46 countries, it is creating opportunities for all people to learn and prosper.

## Contacts

5 contacts available for The MasterCard Foundation. Shizune tracks 6 team members at The MasterCard Foundation. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/the-mastercard-foundation?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Grant | $40k–$100k |
| Pre-Seed | $200k–$1.1M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Education | 13 | 33% |
| E-Learning | 11 | 28% |
| EdTech | 10 | 26% |
| Information Technology | 7 | 18% |
| Mobile | 4 | 10% |

57 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 32 | 82% |
| Pre-Seed | 3 | 8% |
| Funding Round | 2 | 5% |
| Seed | 1 | 3% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Nigeria | 13 | 33% |
| South Africa | 8 | 21% |
| Kenya | 5 | 13% |
| United States | 3 | 8% |
| Ghana | 2 | 5% |

10 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Angela Kerubo | Partner, MSME (Micro, Small and Medium Enterprises) | 0 | https://shizune.co/investors/profile/angela-kerubo |
| Joe Dickman | Acting Director, Evaluation and Learning | 0 | https://shizune.co/investors/profile/joe-dickman |
| Josephine Mwangi | Partner: Stakeholder engagements and events | 0 | https://shizune.co/investors/profile/josephine-mwangi |
| Matthew Grollnek | Consultant - Venture Fund Lead | 0 | https://shizune.co/investors/profile/matthew-grollnek |
| Peggy Woo | CFO | 0 | https://shizune.co/investors/profile/peggy-woo |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| VarsityScape | VarsityScape uses AI to power the entire academy lifecycle, assisting institutions and educators in closing the worldwide education gap. | $100K | Grant | Jul 03, 2026 |  |
| The Marking App | The Marking App provides a data-free application that automatically marks handwritten school assessments while also automating school administration. |  | Grant | May 22, 2026 |  |
| RideLink | Ridelink is a transport company that offers tailor-made logistics and transportation services for both SMEs and large firms. | $1.1M | Pre-Seed | Nov 17, 2025 |  |
| HiPrep | HiPrep was established to give parents and K–12 students access to live classes that are customized to meet each student's unique academic needs. | $100K | Grant | May 27, 2025 |  |
| I-Train Africa | I-Train Africa strives to address youth unemployment and underemployment in Africa by bridging the gap between formal education and 20th-century workforce demands. | $100K | Grant | May 27, 2025 |  |
| Cloudnotte | At Cloudnotte, we make school management simpler, teaching more effective, and learning more accessible for students. | $100K | Grant | May 27, 2025 |  |
| AI Teacha | AiTeacha is transforming education and fostering effective, efficient, and profound learning by giving teachers access to state-of-the-art AI-powered technologies that optimize instruction, enhance tailored learning, and make top-notch educational resources readily available. | $100K | Grant | May 27, 2025 |  |
| Kryptr | Kryptr is a talent development platform that equips individuals with in-demand skills and competencies to thrive in today’s workplace. | $100K | Grant | May 27, 2025 |  |
| Mavis Education | Mavis Education is an ed-tech company that provides classroom and non-classroom learning materials such as talking books and digital pen. | $100K | Grant | May 27, 2025 |  |
| Tespire | Tespire provides inspiration for the future of education by equipping primary and secondary schools with a cloud solution and a hardware box that eases administrative processes in their offices and classrooms. They give parents a single login to manage multiple children. | $100K | Grant | May 27, 2025 |  |

10 of 39 investments shown.

## Co-investors
- [Massachusetts Institute of Technology](https://shizune.co/investors/profile/massachusetts-institute-of-technology-mit) — VC Fund, 2 deals together
- [Digital Africa](https://shizune.co/investors/profile/digital-africa-1318) — VC Fund, 1 deal together
- [Expert Dojo](https://shizune.co/investors/profile/expert-dojo) — VC Fund, 1 deal together
- [Google for Startups](https://shizune.co/investors/profile/google-for-entrepreneurs) — VC Fund, 1 deal together
- [Google.org](https://shizune.co/investors/profile/google-org) — VC Fund, 1 deal together
- [Injini](https://shizune.co/investors/profile/injini) — VC Fund, 1 deal together

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## FAQ

### What does The MasterCard Foundation invest in?

The MasterCard Foundation invests primarily in Education, E-Learning and EdTech startups, most often at Grant and Pre-Seed stage. Most of the 39 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is The MasterCard Foundation's check size?

The MasterCard Foundation typically joins rounds of $40k–$100k at Grant and $200k–$1.1M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds The MasterCard Foundation participates in.

### How do I contact The MasterCard Foundation?

Public channels for The MasterCard Foundation include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at The MasterCard Foundation?

The team at The MasterCard Foundation includes Angela Kerubo (Partner, MSME (Micro, Small and Medium Enterprises)), Joe Dickman (Acting Director, Evaluation and Learning) and Josephine Mwangi (Partner: Stakeholder engagements and events), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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