Edves, a Nigerian edtech startup has raised $575,000 to improve on its products and digitize the learning and administration of schools. This ensures multi-curricular lesson delivery on online and offline learning. The oversubscribed funding round was led by Beta Ventures alongside Launch Africa, Future Africa, and a follow-on by Chinook Capital.
Business Post Nigeria reports that Google Analytics, Semrush, and SimilarWeb ranks Edves as the top indigenous Edtech platform for K-12 schools, learning continuity, and end-of-term examinations in Nigeria between March and September 2020 as the education sector was highly affected by school lockdowns and the covid-19 pandemic.
Edves provides a digital infrastructure that supports the collaboration between parents, teachers, and administrators in the delivery of education and collaboration of learner’s progress with learning goals, tracking, and the analysis of learning outcomes. Since its inception over 70 schools have adopted the technology to automate their operation across Ghana, Nigeria, and Zimbabwe.
Mr. Dimeji Falana (CEO) and Mr. Dare Adebayo (COO) pointed out that the funding would fuel product improvement and the release of new offerings that address fresh consumer needs across Nigeria and other major segments in Africa.
Ovo Emorhokpor, General Partner at Beta Ventures commented on the decision to back Edves touting the company’s ability to deliver on digitizing the learning process in and out of the African classroom.
Launch Africa Ventures Managing Partner Mr. Zachariah George commented on their investment rationale by pointing out how “digital teaching and learning is a must-have and not a nice-to-have.” He went on further to point out that Edves’ proprietary technology, presence in three countries, and 800 institutions, inspire confidence in the teams’ ability to directly tackle this huge problem.
Mr. Suru Avoseh, the General Partner Chinook Capital shared more on their decision to support Edves for a second time. He further pointed out the startup’s reach to 780 Nigerian schools in turn connecting with over 350,000 sector players.
Future Africa Managing Partner, Mr. Iyinoluwa Aboyeji, described the founders as “tenacious technology entrepreneurs in the education space.”
Source: Business Nigeria