A year after it raised a seed round of $3.1m, Nigerian Education Technology (Edtech) platform, uLesson announced last week that it has closed a $7.5m Series A round.
US-based Owl Ventures led the financing round. The VC fund is the largest fund focused on the world’s edtech market, with over $1.2 billion in assets under management.
uLesson, the largest and fastest-growing learning platform in West Africa, is trying to bridge educational gaps for K-7 to K-12 students in Nigeria, Ghana, Sierra Leone, Liberia, and the Gambia.
The online education platform launched in March of 2020, right at the beginning of the pandemic. However, due to school closings, students turned to online learning. Between March and August, the company saw its number of paid subscribers quintuple.
“We are now witnessing an increased availability of data networks in Africa. With more affordable smartphones and the change in attitudes towards online learning accelerated by COVID-19, the foundations are now in place for an education revolution.
At uLesson, we know we have a critical role to play in this ‘new normal’ and this funding will be crucial in our drive to fill the major gaps in Africa’s education system through tech,” said Sim Shagaya, founder and CEO of uLesson.
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