Thursday, January 20, 2022
Home News Edukoya raises $3.5m to provide quality secondary school education online

Edukoya raises $3.5m to provide quality secondary school education online

Edukoya raises $3.5m to provide quality secondary school education online
Honey Ogundeyi, Founder/CEO of Edukoya. Image source: Edukoya

Edukoya, an African-focused online learning platform that empowers learners and their parents to access high-quality education, has raised $3.5 million in a pre-seed round led by Target Global.

Participating in the round are angel investors like Shola Akinlade, co-founder/CEO of Paystack, Babs Ogundeyi and Musty Mustapha, co-founders of Kuda, Brandon Krieg and Ed Robinson, co-founders of Stash and Raffael Johnen, CEO of Aux Money—among others. 

Founded in May but launched into beta in December this year by former Google Nigeria boss, Honey Ogundeyi, Edukoya says it wants to empower learners and their parents to take control of their learning and make it easier for them to access high-quality learning material and expert help. 

Specifically, the platform is built to target Nigerian secondary school learners. At least that’s its current proposition. Edukoya includes 24/7 exam preparation & homework tutor help, a data-driven question bank with step-by-step solutions and personalised performance tracking systems. 

Public education in Nigeria is not great; there are too many factors warring against it, from low funding to incompetent teachers to bad government policy. So, quality education is only available to a small proportion of Nigerians.

The seven-month-old startup says it offers a free, supplementary learning platform, as well as subscription packages with premium features, focused on K-12 learning and exam preparation. This offering combination is expected to reduce the uneven distribution of quality education. The platform operates a 100% online model, which promotes self-paced learning that allows learners to save time and money. 

Edukoya app

“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,” Ogundeyi, who was also the founding CMO of Kuda Bank, said while speaking on the new investment. “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.”

Lina Chong, Investment Director at Target Global, said they [Target Global] are delighted to lead this investment and partner with Ogundeyi 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’.”

Edukoya app

This funding is the biggest pre-seed investment for African edtech and also the biggest investment raised by a Nigerian female single founder. The company plans to use the funds to go from beta to live launch in Nigeria by 2022. It will also accelerate its product and technology as well as expand its online curriculum content coverage and on-demand tutoring feature for secondary school learners. 

Regarding funding, the African edtech scene was off to a slow start this year, but its pulse is finally picking up. Even though it’s a large market to serve, competition is getting stronger with the presence of platforms like uLesson that recently secured a $15m check to double-down on the same market segment Edukoya sets its eyes on. 

However, it’s still too early to  know who will emerge as industry leader, regardless of who launches first.

SourceTechCabal

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Crown Flour Mills – Largest Milling Operation in Africa and 10th largest in the world

Crown Flour Mill has been in the wheat milling business in Nigeria for over four decades. Incorporated...

Africa’s Top LinkedIn Influencers 2021

The Tech Times Africa Top LinkedIn Influencer Award is Africa’s largest and most prestigious accolades for the most influential personalities in the...

Nigeria lifts ban on Twitter, says the social media giant has met conditions

The Nigerian government has lifted the suspension of Twitter operations more than six months after it first declared a...

How Touch and Pay (TAP) got 1.5 million Lagosians to adopt cashless bus rides

It was a busy Thursday afternoon in one of Nigeria’s busiest cities — Lagos. Three young men...

Recent Comments

Obunseh patrick chukwuma. on Vote: Africa Corporate Brands Awards, 2020
Egbe Anyalewechi Malvin on Vote: Africa Corporate Brands Awards, 2020
Egbe Anyalewechi Malvin on Vote: Africa Corporate Brands Awards, 2020
DON'T FALL BEHINDBe The First To Get Notified on the latest Articles on Tech Times Africa. FREE!

Join over 940,000 subscribers worldwide. Receive our newsletter daily and straight into your inbox.