uLesson, a Nigerian edtech startup, has raised $15 million in Sequence B funding
uLesson, a Nigerian ed-tech startup, has raised US$15 million in Sequence B funding, which it should use to broaden its workforce and enhance providers for its rising group of African learners.
Nielsen Ventures and Tencent are among the many traders, as are current backers Owl Ventures, TLcom Capital, and Founder Collective.
The enterprise raised a US$7.5 million Sequence A deal in January and adopted up with a US$15 million Sequence B spherical inside 12 months.
Based in 2019 by serial entrepreneur Sim Shagaya, uLesson supplies on-line and cell learners with reside on-line school rooms with skilled tutors, video classes, and individualized reside homework help for major and secondary faculty college students.
“We’re overjoyed to have reached this important milestone, which is able to allow us to proceed our mission of offering high-quality, reasonably priced schooling to all Africans. We’re thrilled to be joined by seasoned traders comparable to Tencent, who brings intensive information from their investments in schooling expertise. With the help of wonderful companions, we will speed up our studying and higher serve the African edtech trade,” Shagaya defined.
uLesson, which is obtainable in Nigeria, Ghana, Sierra Leone, Liberia, The Gambia, Kenya, Uganda, Rwanda, South Africa, the USA (US), and the UK (UK), witnessed a 430 % improve in each day common customers in 2021, whereas additionally claiming improved studying outcomes.
uLesson intends to make use of the funds to proceed investing in product improvement, strengthen its core expertise, and broaden its cohort-based studying capabilities. Along with its trademark scientific and arithmetic content material, the agency will broaden its secondary-level content material assortment to incorporate social sciences and monetary accounting, in addition to qualitative and quantitative reasoning.
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