Edukoya, a Nigerian online learning platform, has raised US$3.5 million in a pre-seed round led by Target Global, which it will utilize to move from beta to live launch and expand its workforce and customer base.
Target Global led the round, which included angel investors such as Shola Akinlade of Paystack, Babs Ogundeyi and Musty Mustapha of Kuda, Brandon Krieg, and Ed Robinson of Fintech Stash, and Raffael Johnen of Aux Money, among others.
Edukoya, which went live in beta earlier this month, connects African students to digital curriculum content and on-demand professors for real-time online learning. To deliver customized learning across grades, the platform combines a data-enabled question bank, world-class teachers, innovative technology, and data science.
“At Edukoya, our mission is to reimagine online learning for the next generation of Africans. With nearly 260 million kids and counting, Africa has the world’s fastest-growing school-age population. “Our mission is to democratize access to high-quality training and information for all students, regardless of where they live on the continent,” said Honey Ogundeyi, founder and CEO of Edukayo.
The money will help Edukoya move from beta to live in 2022, as well as expand its team, boost its user base, and develop the technology behind its learning platform, including support for its Pan African and European development hubs.