Edukoya, an Africa-focused online learning platform, has raised $3.5 million in a pre-seed round led by Target Global with strategic participation from angel investors including European and African founders.
Edukoya empowers learners and their parents to take control of their learning and makes it easier for them to access high-quality learning material and expert help.
African founders such as Shola Akinlade – CEO and co-founder of Paystack (acquired by Stripe), Babs Ogundeyi and Musty Mustapha – founders of Kuda, Brandon Krieg and Ed Robinson – founders of Fintech Stash and Raffael Johnen – CEO of Aux Money among others are the investors who help the platform achieve their expansion goals.
The platform has a range of valuable features targeted at Nigerian secondary school learners including 24/7 Exam Preparation & Homework tutor help, a data-driven question bank with step-by-step solutions, and personalized performance tracking systems.
High-quality education is expensive and out of reach for millions of African learners. According to data from the World Bank, African households spend 20-25 percent of their annual GDP per capita on education.
Edukoya offers a free, supplementary learning platform, as well as subscription packages with premium features, focused on K-12 learning and exam preparation. The learning experience is delivered through a 100 percent online model which promotes self-learning and allows learners to save time, save money and get smarter.
Speaking about the new funding, Honey Ogundeyi, Founder and CEO of Edukayo said:
“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 260M students and counting.
Our goal is to democratize access and make high quality instruction and content accessible and affordable to every student, regardless of where he or she lives on the continent.”
Edukoya plans to use its pre-seed 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.
Edukoya is an education technology company that connects African students with the digital curriculum content and on-demand teachers for real-time online learning.
Reinventing how African students learn in the age of mobile devices, Edukoya combines a data-enabled question bank, world-class teachers, innovative technology and data science to deliver personalized learning across grades.
Launched in beta in December 2021, Edukoya envisions a pan-African classroom that empowers parents, students and teachers by democratising access to high quality education and igniting a passion for lifelong learning.
Its mission is to build the world’s largest online learning platform for Africans by making high quality learning materials and support more accessible and affordable.