Edves, a Nigerian ed-tech startup, has secured a seed funding round of $575,000 to help it improve its platform and bring more schools online.
The round was led by Beta.Ventures, with participation from Launch Africa Ventures, Chinook Capital, and Future Africa.
Founded in 2016, Edves is the largest education portal for K-12 students, teachers, administrators, and parents in Africa.
What you should know about Edves
Edves minimizes teacher and administrative labour by allowing them to use AI algorithms to track attendance and plan classroom courses. The startup’s goal is to effectively improve every area of school operation.
The platform is now operating in almost 800 schools across Nigeria, Ghana, and Zimbabwe, with plans to expand.
Edves will use the funds to enhance its products and launch new ones in order to meet growing customer demands in Nigeria and other African countries.
What they are saying
Ovo Emorhokpor, general partner at Beta.Ventures stated that his firm’s mission is to assist exceptional African companies and entrepreneurs that add real value to Nigeria and other African communities.
“We have witnessed Edves firsthand and seen how they deliver on their promise to digitize the learning process in and out of the classroom in Africa. We are thrilled to be part of their journey as they scale their offerings and expand into new markets,” he said.
Zachariah George, managing partner at Launch Africa Ventures, said with nearly 60 percent of Africa’s population of 1.4 billion being under the age of 25, digital teaching and learning is a “must-have and not a nice-to-have”.
“Schools all over the continent need easy-to-use, secure learner management software that encompasses all school needs by addressing specific challenges with capturing data, paperwork, and improving every area of school operations. With its proprietary technology, presence in three countries and nearly 800 institutions already onboard in Nigeria alone, we feel very confident in the Edves team’s ability to tackle this huge opportunity head-on,” he said.