Nigerian ed-tech startup Edukoya raises $3.5m pre-seed spherical led by Goal International
Nigerian on-line studying platform Edukoya has raised US$3.5 million in a pre-seed funding spherical led by Goal International, which it’ll use to transition from beta to dwell launch and construct its staff and buyer base.
Launched in beta this month, Edukoya connects African college students with the digital curriculum content material and on-demand academics for real-time on-line studying. The platform combines a data-enabled query financial institution, world-class academics, progressive expertise and knowledge science to ship personalised studying throughout grades.
In its launch week, Edukoya was the second most downloaded training app in Nigeria, and it’s now concentrating on progress after securing US$3.5 million in pre-seed funding. Led by Goal International, the spherical additionally sees strategic participation from angel buyers together with European and African founders resembling Paystack’s Shola Akinlade, Kuda’s Babs Ogundeyi and Musty Mustapha, Fintech Stash’s Brandon Krieg and Ed Robinson, and Aux Cash’s Raffael Johnen, amongst others.
The funding will allow the transition from beta to dwell launch in 2022, in addition to growth of the staff, the expansion of its person base and the constructing out the expertise for Edukoya’s studying platform, together with help for its Pan African and European developer hubs.
“Our imaginative and prescient at Edukoya is to redefine on-line training for the subsequent technology of Africans. Africa has the fastest-growing school-age inhabitants globally, with over 260 million college students and counting. Our purpose is to democratise entry and make top quality instruction and content material accessible and inexpensive to each pupil, no matter the place she or he lives on the continent,” mentioned Honey Ogundeyi, founder and CEO of Edukayo.
Lina Chong, funding director at Goal International, mentioned she was delighted to steer the funding and companion with Ogundeyi and her staff.
“Edukoya’s mission to offer higher high quality to tens of millions of African college students, mixed with the staff’s capacity to execute on this ambition, left a right away impression on myself and the entire staff at Goal International. Their enterprise has the potential to unlock learner potential and enhance lives throughout generations’,” she mentioned.