Ict/Telecom
Online Learning Platform Raises $3.5m Pre-Seed Funding
An online learning platform, Edukoya, says it has raised $3.5 million in a pre-seed round to enable its live launch in 2022.
The firm said in a statement that the round was led by Target Global and had participation from angel investors, including European and African founders.
According to the statement, the firm is currently in its testing phase, with a focus on Nigeria.
It said the new fund would enable the transition from beta to live launch in 2022, as well as expand its team, grow its user base, and build out the technology for its learning platform, including support for its pan-African and European developer hubs.
The Founder and Chief Executive Officer, Edukayo, Honey Ogundeyi, said, “Our vision at Edukoya is to redefine online education for the next generation of Africans. Africa has the fastest-growing school-age population globally, with over 260 million students and counting.
“Our goal is to democratise access and make high-quality instruction and content accessible and affordable to every student, regardless of where he or she lives on the continent”.
The Investment Director at Target Global, Lina Chong, was quoted as saying, “We are delighted to lead this investment and partner with Honey and her impressive team of education technology pioneers.
“Edukoya’s mission to provide better quality to millions of African students, combined with the team’s ability to execute on this ambition, left an immediate impression on myself and the whole team at Target Global. Their business has the potential to unlock learner potential and improve lives across generations”.
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