Nigerian ed-tech startup AltSchool Africa raises $1m to construct another faculty for Africans
Nigerian ed-tech startup AltSchool Africa has raised a US$1 million pre-seed funding spherical because it plans to resolve the lingering drawback of expertise scarcity within the tech ecosystem with its versatile instructional programme.
Based final yr by Adewale Yusuf and Sultan Akintade, who’re additionally co-founders of one other Nigerian ed-tech firm TalentQL, AltSchool goals to equip Africans with in-demand tech and employability expertise to assist them launch their careers.
“After the launch of TalentQL, we seen that there was very excessive demand and little or no provide. And even with the availability, there was an enormous employability hole. Though abilities possessed good technical expertise, they lacked some essential foundational expertise required to make the mark. AltSchool Africa emerged to handle these wants,” Akintunde stated.
4 months since its launch, AltSchool Africa has had over 8,000 candidates throughout 20 totally different international locations to its Faculty of Engineering, with plans to start the primary cohort in April 2022. To assist its progress, it has now raised a US$1 million pre-seed spherical from institutional traders reminiscent of Voltron Capital, NestCoin, Odba VC, and Pledges.
The spherical additionally noticed participation from native traders reminiscent of Olugbenga Agboola of Flutterwave, Shola Akinlade of Paystack, Dr. Ola Brown, and leisure personalities, Folarin ‘Falz’ Falana and Akitoye Balogun, popularly generally known as ‘Ajebutter22’.
This funding will probably be used to strengthen the startup’s staff and improve current infrastructure. Product-wise, AltSchool Africa has plans in place to increase on its present programmes, because it goals to fulfill the demand from thousands and thousands of Africans that may want coaching or retraining in tech expertise.
“Now we have a novel imaginative and prescient to construct world-class tech abilities who will make a big impact within the tech expertise market. Tech expertise are an enormous determinant of the longer term financial system. We’re main a paradigm shift, setting Africa on the trail to technological transformation. It’s the age of the digital revolution and we’re well-equipped to be the primary drivers of this disruption,” Yusuf stated.