A Edukoya, an Africa-focused online learning platform, raised USD 3,5 million in a pre-launch event led by Target Global with the strategic participation of several investors, including European and 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.
Launched in December 2021, the Edukoya platform is currently operating in beta, with a focus on Nigeria. In its launch week, Edukoya was the second most downloaded educational app in Nigeria. The new funds, the largest pre-launch wheel for an African EdTech platform to date, will enable the transition from beta to live launch in 2022, as well as expanding the team, growing its user base and building technology for Edukoya's learning platform, including support for its Pan-African and European development centers.
Edukoya is a platform that empowers students and their parents to take control of their learning and makes it easy for them to access high-quality learning materials and expert help. The platform has a range of valuable features aimed at Nigerian high school students, including exam preparation and 24/7 tutor help, a data-driven question bank with step-by-step solutions, and customized performance tracking.
High-quality education is expensive and out of reach for millions of African students. According to World Bank data, African households spend 20-25 percent of their annual GDP per capita on education. Edukoya offers a free complementary learning platform as well as subscription packages with premium features focusing on K-12 learning and exam preparation. The learning experience is delivered through a 100% online model that promotes self-learning and allows students to save time, money and become smarter.
Talking about the new funding, Honey Ogundeyi, the 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 in the world, with more than 260 million students. Our aim is to democratize access and make high-quality teaching and content accessible to all students, no matter where they live on the continent.".
Edukoya is an educational technology company that connects African students with 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 faculty, innovative technology and data science to deliver personalized learning in every classroom.
